Saturday, June 21, 2014

Tips To Live When you Have no Credit Line on Your Name, Part One


Lately, on the last three decades global, economics had been on a shift turning the powers that be into a lesser influential economical power houses. America's economy is diverging into the wrong cycles, because we are investing into corporations that destroy local businesses. Also, different situations beyond the shaky economy can turn a person's credit into a small catastrophe.

You probably think, it will be impossible to recover.? The answer is no, is not impossible to recover, albeit you have to make certain sacrifices, is not impossible to live without credit; but, I am aiming this article to single individuals, as I am planning to research a little bit more on how to handle home economics in times of crisis for large families.

Imagine the worst scenario; life as you know it had crumbled, there is a chance that you will lose everything (that happened to me, I lost my car and my credit line). Panicking is not an option, you will need a plan, and reorganizing your life is a must priority and you will need to think what to do.

Your income will be based on what you earn, there is no extra help, food is a must priority and you have to organize what you will spend on your grocery budget. Couponing will be your best friend. Don't think using supplemental food programs sponsored by the government, because those programs will keep placing the country in debt as they are sponsored and officiated by banks as CHASE and the CITY group and that money won't go to the cycle of virtue, that will be invested into public infrastructure.

Use those sponsored programs unless is absolutely necessary, whenever you don't have a choice they will be a life saver, as most stores and gas stations accept Food Stamps, EBT, or SNAPS in order to you to acquire food, also there are some programs that are beyond food and offer the citizen money to use.

You can invest into coupons because then you can stockpile, and avoid shopping for items and spending unnecessary money. Whatever you can stock it will be a saving.

If you are at college or university find what option the school has in order to froze your account, or in a lesser case to see how much financial aid you can get. Financial Aid is a tricky shot, it can be your best friend and it can be your worst enemy, because on a long term it's just a stack on a debt that will hunt you for at least 15 years, depending on what kind of program you went to.

Using financial aid could be OK, at the same time if you can pay during the semester for your tuition and use less than 2% of the financial aid for your academical expenses, you won't be screwed on a long term. Work and study can be difficult but it can be beneficial. I am talking all these without the use of a credit card, and barely using any form of financial aid.

Of course there are some ways to get a credit card, with a small amount, such as getting a secured credit card from your bank institution, where you will pay a base fee and from there you can have an extra help. Think on the worse case scenario, where you need to know what to do if everything else fails. Check the bus routes as well the taxi fares, and you are probably wondering why.? Buses on several cities across the States have programs for university students, where students can get as little as US¢.25 to no cost at all; taxis over the seasons can offer discounts as well to different schedules, not in all the cities but you can find if there's any way you can move forward back and forth, without reducing your work schedule.

Don't by any high end electronics by first hand, try to see on refurbished items, they are usually cheaper, and don't spend money on any product that cost over US$200; with what you can spend with an iPhone you can get it and buy at least one week worth of meals at your job, pay your house bills as well buy some decent groceries. You probably will try to get a line of credit at a store, to pay quotes for any high-end purchase but honestly speaking they won't give it to you unless you can prove you have a credit line.