The Social Security system is in place to help us through difficult times. Unfortunately, there are some instances in which the system makes our lives even more difficult than they need to be. The day I received the denial letter for my claim, I wasn't sure what I was going to do. After talking with a few friends, I contacted a lawyer. That was the best decision I had ever made. Even with the professional assistance, getting the denial overturned and getting the money that I was owed took several months. I have kept a clear journal of my experience and loaded it with information that can help others get through what can be an impossible time.
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Social security denial - a journal of assistance
Three Options To Consider When You Are Drowning In Debt
Alexis Garcia
There are many people who find themselves in massive debt at some point in their lives. This can create a very stressful situation because you have to figure out how to get out of debt and not lose everything you own in the process. The following guide walks you through a few options to try when you find yourself in huge financial debt.
Talk to Your Creditors
The first thing you need to do is you need to talk to your creditors. There are many times when creditors are willing to work with people to lower their monthly payments when they are drowning in debt. It may take you longer to pay off the amount of money that you owe, but it will keep you from being delinquent when it comes to the payments that you have to make. You need to know how much money you can accurately afford to pay each month when you contact the creditors so that they know you are serious about paying off the debt.
Pare Down Your Belongings
Take the time to consider what items you truly need and which are simply nice to have. There are many times when people will buy a vehicle that is too expensive for them or a home that is too large for their needs. You may want to sell your car or your home to downsize into more affordable options for your family. You may have to take a loss when selling the items, but that will leave you with less debt to have to repay in the long run.
There are times when you can take your car to a car dealer to use it as a down payment toward the purchase of a different car. Whatever money is still owed on your original car after the trade in value is determined can be added to your new car payment. This amount may still be far less than what you were paying for the original car note.
Meet with a Bankruptcy Attorney
If you feel that you are sinking too quickly in debt and cannot get your head above water, contact a bankruptcy attorney. The attorney will be able to let you know if you qualify to file bankruptcy and what you need to do to claim it. You need to be sure to include all debt that you owe when filing bankruptcy so that you do not still owe money to people after filing.
Once you are out of debt, it is important to be as financially responsible as you can possibly be. You want to be able to rebuild your credit score and never have to stress about paying off debt again.
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