Yes, You Can Live Debt Free
Posted by PattiM on
Sometimes fear can just paralyze us from taking action we need to take. I’ve met with many people who desperately need to deal with the debt situation but are just terrified of taking action. What is the major fear? They are terrified that taking action to restructure their debts will mean they wont have access to credit. It doesn’t seem to matter they don’t currently have access to credit, they are terrified of having to rebuild a credit rating.
Believe it or not, living without credit can be a liberating experience. I’ve had clients over the years who come into my office for their counseling appointments on cloud nine. They have embraced the credit free lifestyle and are very proud of themselves for having done so.
Benefits of Living Without Credit
- You never have to worry about answering the phone. Your cash wont be calling you to find out when you are going to make your payment.
- You don’t pay extra when making a purchase. When you buy on credit, you have the cost of the article, service charges (if applicable) and most importantly the interest to pay. Sometimes that would mean the article actually cost you double or triple its original cost.
- You can ask for discounts when paying cash. When you pay cash, stores aren’t paying the surcharge on handling your debit or credit card. Sometimes they will give you a discount if you pay cash.
- You never have to worry about repossession or foreclosure.
- You don’t have to wait on credit approval.
- When you sell an asset the money is yours, not dispersed to a creditor first.
- You never have to worry about where the money for payments will come from WAIT! There is more to read… read on »
