Dealing With The Recession
Posted by Takara Alexis at 7/6/2011 8:38 AM 
Categories: Industry News, Anything but collections, Support and Feedback, SEO Tips, Budgeting, Debt Collection, Happy Debtors
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Categories: Industry News, Anything but collections, Support and Feedback, SEO Tips, Budgeting, Debt Collection, Happy Debtors
Tags: collection agency collect debt collecting outstanding debts collection agencies commercial collection agencies commercial collection international collection agencies international collections international debt collection collection agency in NY collection agency news collection agency letter collection agency help collection agency credit reporting skip trace John Monderine accounts agency accounts receivable collections the collection agency debt collectors debt collection services debt collection quotes debt collection solution debt collection practice debt collection attorneys
Dealing With The Recession
by Takara Alexis
Layoffs were huge last year, and the U.S. unemployment rate has leaped to 7.2 percent. Most of us are in danger of being forced to cut back. If you only have a three-month emergency cushion, try to raising it to six.
There's some interesting research about having an emergency savings account, and what is does for you from a mental health point of view. It makes you feel much more comfortable, and allows you to deal with emergencies if your hours are cut down or you lose your job.
Where does the money come from? Go online to get the most from couponing. If you joined a car pool to save money when gas was $4 a gallon, do not stop now. Have cash transferred automatically to savings each time you're paid.
Particularly on your mortgage. If your rate is 6% or more and your credit is good, you may want to refinance. It may or may not make much sense but if you have good credit and equity, lenders are willing to provide you with various choices. It doesn't hurt to call.
If you have enough cash to make a 10% or 20% down payment, this could be your opportunity to buy at a excellent price. You'll need a credit score of 720 or more to get the best rates. Begin by browsing the real estate section of the Daily News, looking at homes in the best school districts and visiting open houses. Be sure to pay your bills on time and whittle away any credit card balances. If you are planning on buying, be realistic.
Even if your job is mainly secure, this is a time in which everyone needs to be looking. That means you should be meeting people you know from prior jobs for coffee, making sure your presence on websites like Facebook and LinkedIn makes a good first impression, and updating your resume so it's ready to e-mail at any time.
Of course, do this while still being diligent at work. Face time is important in this economy. When you do something really good, take credit in a suitable way.
by Takara Alexis
Layoffs were huge last year, and the U.S. unemployment rate has leaped to 7.2 percent. Most of us are in danger of being forced to cut back. If you only have a three-month emergency cushion, try to raising it to six.
There's some interesting research about having an emergency savings account, and what is does for you from a mental health point of view. It makes you feel much more comfortable, and allows you to deal with emergencies if your hours are cut down or you lose your job.
Where does the money come from? Go online to get the most from couponing. If you joined a car pool to save money when gas was $4 a gallon, do not stop now. Have cash transferred automatically to savings each time you're paid.
Particularly on your mortgage. If your rate is 6% or more and your credit is good, you may want to refinance. It may or may not make much sense but if you have good credit and equity, lenders are willing to provide you with various choices. It doesn't hurt to call.
If you have enough cash to make a 10% or 20% down payment, this could be your opportunity to buy at a excellent price. You'll need a credit score of 720 or more to get the best rates. Begin by browsing the real estate section of the Daily News, looking at homes in the best school districts and visiting open houses. Be sure to pay your bills on time and whittle away any credit card balances. If you are planning on buying, be realistic.
Even if your job is mainly secure, this is a time in which everyone needs to be looking. That means you should be meeting people you know from prior jobs for coffee, making sure your presence on websites like Facebook and LinkedIn makes a good first impression, and updating your resume so it's ready to e-mail at any time.
Of course, do this while still being diligent at work. Face time is important in this economy. When you do something really good, take credit in a suitable way.
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