If you have just escaped a messy divorce, you will have to take a very hard look at your finances. Most of us are so troubled by the emotional and the...
If you have just escaped a messy divorce, you will have to take a very hard look at your finances. Most of us are so troubled by the emotional and the psychological aspects that we completely forget about the financial aspect. If your spouse has been taking care of your finances, then you will have to get introduced to the world of finances all over again. Not only will you feel a sense of helplessness but every financial aspect that you focus on will remind you that your spouse is no longer around to help you out.
In such a scenario, it is best to appoint an expert who will give you a brief overview of your finances stand and how you should manage your finances in the next six months. You should focus on maintaining a status quo so that the emotional trauma does not affect your financial condition.
Do not make any big financial decision unless you have no other choice. If you have received any money, you should save the same. Do not take the any big investment decision until and unless you're required to on an urgent basis.
If you are not in a position to manage your expenses with your current income, it is a very big problem and you cannot talk of status quo in such a scenario. You will have to either take steps to increase your income or you will have to take steps to bring down your unnecessary expenditure drastically.
Further, there may be some expenses like your legal expenses and others such court appearances that will affect your productive life. You'll have to consider all these factors. Rather than sitting on the computer and preparing a list on your own, it'll be very helpful if the person in front of you prepares this list and you just have to reply to his or her questions.
In today's electronic world, there's no need for a personal face to face meeting. Of course, if you have a webcam and reasonably fast internet connection, you can actually carry out personal negotiation without sitting face to face as well. In any case, the World Wide Web is fantastic resource as far as credit counseling is concerned.
It will bring you in touch with the large number of service providers who provide different types of services depending on the nature of problem that you are facing. From analysis of your finances to advice on how to dispose of your assets - you can be rest assured that you will get good quality advice. If you are not comfortable dealing with a novice, you can even opt for premium credit counseling services.
If you are over $10k in unsecured debt it would be financially prudent for you to consider a debt settlement. There are organizations that exist called "Free Debt Relief Networks" that are a great place to start in locating legitimate debt settlement companies in your region. They provide free debt help and know where to locate the top performing debt settlement firms. To get free debt help check out the link below:
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