Raise MY debt celing

Written by Administration | 14 September 2011

Raise MY debt ceiling!

The US government and the quickly failing countries in the European Union are reaching out for more cash in the form of having their credit limits raised.  Oh sure, they’re calling it “raising their debt ceilings” but it is the equivalent of us calling RBC or Visa to have the amount we can spend on our credit cards lifted a bit to hold us over.  Wouldn’t that be nice? To be able to not truly worry about spending within our means or managing the money we are taking in with any real responsibility would be pretty nifty.

Unfortunately, we can’t run our households like governments, we actually have to pay our bills and when our credit runs out... it runs out!  Not to mention that when we default on our credit obligations there are real consequences.  At some point prior to being “out on the streets” we have to take action.  Whether it was the economy or poor money management that caused your situation it is important that you take charge of your finances by;

1)      Constantly assessing credit obligations and income

2)      Making arrangements as needed with creditors to deal with difficult times

and,

3)      If it any point you need help, put pride aside, and reach out for it. 

It is important to assess your options for help as well. Try first working with your creditors and then, as needed, look for counseling, settlement, and even consumer proposal services that provide viable alternatives to bankruptcy, which should always be your last resort.

And….in times of need, with real questions….ask Debt Man