Learning to Say "No"
There is much within our society that promotes living beyond one’s means. Everywhere there are images of luxurious homes, expensive automobiles, and other extravagant things. The ability to obtain these things is regarded as one of the primary markers of success, and the desire to appear successful often motivates people occasionally overextend themselves financially. Eventually, this may leave a debtor unable to keep pace with the repayment agreements that have been established with creditors.
Aggressive collection efforts can be humiliating, and can have an adverse effect on your physical and emotional health. If you are feeling overwhelmed by debts, then it may be appropriate to consider filing for bankruptcy protection. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. at 480-829-0494 to schedule a free initial consultation with a skilled and experienced attorney.
The Value of "No"
We are taught to believe that there is a great value in having access to significant amounts of credit. While your credit score is calculated using your ratio of credit card balances to credit card limits, and therefore might benefit from more credit, the truth is not so simple.
Your credit rating also takes into account the “inquiries” that are associated with your file. Each time you apply for new credit, your score takes a hit. Learning to say “no” can be particularly helpful in the follow ways:
- Rejecting credit card offers to avoid docking your credit score unnecessarily
- Avoiding salespeople who are pushing products that you do not need
- When considering a purchase, carefully evaluating whether you can afford it out of pocket – If you cannot, then do not buy it.
Learning how to develop and follow a budget is a crucial part of working your way out of debt. It can be difficult to learn new spending habits, but in the long run, it will certainly pay off.
Contact Us
Let us help you to conquer crushing debts. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C., at 480-829-0494.