Two things you can do that help stop the New Normal, New World Order, or whatever you want to call it these days:
- Stop giving money to people that hate you.
- Become your own master of food.
Not everyone has the means to make 2 a reality, but 1 is really simple.
EVERY credit card company out there has a hardship program. Call up your CC company, tell them how much your life sucks (recent car accident, unexpected medical bills, etc.) and they will close your card buy set up a preferred rate payoff date. I did this for 6 people last week I know and got them 60 month payoff schedules between 4 and 5%.
Their credit score is only slightly dinged, they pay off their bills, and their cashflow is significantly better so they can pay down faster if possible or they are no longer figuring out how to fill their gas tank to get to work.
If you can't grow your own food, there are plenty of no documentation food banks out there. Take advantage of them. You probably paid for them with your taxes, so TAKE ADVANTAGE OF THEM!
Use the resources that exist to exit your debt-ridden life. Don't let fear or pride stop you from saving yourself.
Good luck, and may the Lord be with you.
Not to mention your insurance cost rises as your credit score lowers.
Don't know why this got down voted. When you apply for insurance a credit check is done to figure out the premium you will pay. This is part of the underwriting process where the company looks at how many accidents you have been in, moving violations, etc.
There are those kinda people here also