Your Questions And Answers With Tahir Malik
Question: What are the main Danger Signs for somebody to confirm that they are in DEBT?Tahir Malik: There are many danger signs for somebody to know that they are in DEBT. Following are some of details for our readers.General• Are you worried that you will never get out of debt?• Do you have any savings?• Is your income enough to cover your normal monthly expenses?• Have you had to borrow money from your family/friends to make it to the end of the month?• Are you fighting over money with your family?• Do you know exactly how much you owe?Bank – Cheques• Have you been in overdraft at your bank?• Are you unable to get a loan from a bank?• Have you bounced cheques?• Do you write cheques hoping to get money into the account before they are cashed?• Withdrawing from your savings?Credit Cards• Have you missed credit card payments?• Are your credit cards maxed out?• Are you only making minimum payments on your credit cards?• Are you using your credit cards to pay for groceries because you do not have the money?• Do you take out cash advances on your credit cards to put money on other credit cards?Collection Agencies• Have you been contacted by a collection agency?• Do you receive collection calls from more than one collection agency?• Are you afraid to answer your phone for fear it is a collection agency?Loan Payments• Have you been late on any of your loan payments?• Are you paying off loans for items you longer have?Rent/Mortgage• Have you been late with your rent or mortgage payments?• Have you taken equity out of your home and not used it to pay off your debts?• Is your mortgage higher than the current value of your home?Payday Loans / Cheque Cashing Companies• Have you taken out more than one payday loan?• Have you ever taken out a payday loan – while you stilled owed money on another payday loan?Bills• Have any of your utilities been cut off for non-payment?• Do you have to put off paying bills because the money just is not there?• Do you not open your mail because you know it is bills – which you cannot pay?Legal• Have any of your creditors taken you to court for your debts?• Have your wages or bank account been garnisheed? Question: Why do people end up being in DEBT?Tahir Malik: DEBT is often triggered by two or more factors such as:• Loss of job/income• Break up of marriage/common-law relationships• Lack of money management (over use of credit – no/low savings)• Prolonged health issues• Business failure• Co-signing of loans• Tax problems• Addictions gambling/alcohol/drugs Question: What if someone is having stressful and sleepless nights due to debts?Tahir Malik: Relax Perhaps the easiest thing to say, but the hardest thing to do when you are attempting to crawl out of that pitfall of debt, is to relax. Financial burdens are extremely frustrating and cumbersome, but working yourself into a panic is not going to be of any benefit. In fact, it may end up drawing out the process by adding additional financial burdens. It is well known that stress is a major cause of many health ailments and conditions. Working yourself into a high level of stress may just end up adding medical expenses to your pile of debt. New Life Debt Solutions will reduce your debts by up to 75 %, lower & easy monthly payment, stop those harassing phone calls, and wave your interest. So lean back, relax, and realize that you are on your way to complete debt relief and financial freedom. Contact us at 604-909-2277 to make free and confidential initial consultation.
