"For better or for worse, for richer or for poorer..."
The vows that fuse a man and a woman together are very seldom referred back to for reference. "For richer or for poorer" are the words that can overcome the financial burdens that plague our homesteads. If the marriage consists of frequent arguments relating to situations that credit seem to limit, just maybe a sign that a divorce consultation is not necessary. It could mean that your credit situation needs some financial enlightenment and optimistic uplifting. I have heard that most marriages get most of their financial information from unqualified individuals like the hair dresser, the single friend who has never been married or the family member who already has bad credit. The bottom line is, stand true to your vows and know that if credit is the lagging factor in a marriage, you can overcome it.
First, when you find in your marriage that credit problems are limiting the things that help life flow much smoother. That is the time to stop the madness and begin the process to get what you want when you need it. For example buying a new vehicle instead of used so the family is not having weekend outings stuck on the road due to a break down. Please, don't misunderstand the idea set forth, I believe there is nothing wrong with material things as long as it is within the financial limits of you and your family's overall goal. Once you notice that your credit status could be the root issue, discuss it with your spouse and take action to get your credit in order. I have always found asking your spouse for help in troubleshooting a problem is a bonding experience.
Through taking action, a whole new perspective on marriage can emerge. The next step that needs to be made is important because a financial plan needs to be set forth. The financial plan consists of budgeting and realizing where, as a couple, your creditworthiness lies in the standards that are acceptable. Once the budgeting and goal setting for your credit is established, action is needed on both sides of the relationship. If both sides are on board with the plan you have now taken the focus off the financial problems and placed attention on solving the financial picture. It is motivating when you and your spouse now see hope in the horizon and know that just because credit has limited many situations it should not limit the love that was established with just a "hello."
Lastly, creating a budget is simple. The budget can be created by calculating all your monthly payments with expenses and compare that calculation with your income. Now you will know approximately how much of your income should remain after all your monthly payments and expenses are paid. This calculation is important because it will reveal how much you can save for retirement or put towards that vacation the family has dreamed of the past 5 years. A simple budget can create everlasting happy moments and is something to look forward to tomorrow and the next day, instead, of arguing over medical bills on the credit report. Now that you understand the money saving aspect let's understand credit problems. If credit is becoming a challenge to acquire then get your credit reports, a red pen and start your own elimination of derogatory items on your credit report that would improve your credit situation. Take action by getting the items verified with the credit bureau and sit and wait for the results which can take around 1 to 2 months to get resolved. If this is a bit to much to maintain seek help and investigate the credit services company before you retain their services.
By now, the optimism should have been revitalized and a new purpose for the beautiful marriage bloomed. You can reap short term success and create a positive environment for a better future. Never, never give up on the beauty of marriage. Marriage does have its ups and downs and that is not a secret. Life is much more pleasing though when you do have your spouse next to you to enjoy life as it comes day by day, for better and for richer.
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Blighted house
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How to purchase blighted houses
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By: Adrian | 25-07-2008
What happens if the date on my served papers say june 12 and I received and signed for them on July 27? Also what happens if i counter claim these papers..
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By: A nubian cutie | 25-07-2008
I currently have a 457 plan with the company i work with. So far i've saved about 18,000.00. I've noticed that in the pass months i've been losing money. I wanted to know if you knew if i could flip this into a 401k & would i be penealized
Depleted savings no more money to pay alimony?
By: Out of Money | 25-07-2008
I lost my corporate job this past October and haven't been able to secure new employmnet locally to stay close to my children. I continued to pay child support and alimony for 10 months and can no-longer keep up with the alimony and child support. I have depleted all my savings and can no-longer aford to pay my ex-wife the money. What are my obligations towards the child support and alimony of I can't aford to pay it?
Forebearance Agreement Error/Filing Bankruptcy?
By: Kathleen | 25-07-2008
About four years ago we fell behind in our mortgage payments. As our financial situation stabilized we made an agreement with our mortgage company to make payments every two weeks for three months to catch up, and then they would put the remaining payments at the end of the mortgage. Last spring (2007) we went to refinance our mortgage through another company and our mortgage company reported that we were 19 payments behind and owed over $95,000, yet our monthly statements showed us owing around $76,000. After I contacted them, they said we neglected to sign the forebearance agreement we were approved for. I asked what this was, having no idea, and when their records showed we were notified of any of this. They stated we were not notifed. A month later we received foreclosure papers and have since hired an attorney. Our debt to this mortgage company is now over $100,000 because they are charging us $145 per day in interest, besides many additional other fees. My questions are as follows: Are we better off going through a credit counseling service to negotiate with the mortgage company. They have refused to speak to us about any type of negotiating and have been consistently rude and ignorant, blatantly telling us to "get out" and give them the house. Should we just file bankruptcy? And should we be making our regular payments to the mortgage company as if none of this never happened? We have not made a payment in over a year on the advice our attorney.
Any help you can offer would be appreciated. Thank you in advance.
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| Posted: 11-09-2007 | Comments: 0 | Views: 22 | Rating: (67) 
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