Debt Is Economic Slavery

To be in debt and unable to find a way out is a recipe for panic and the disaster that drives victims to do crazy things. With unpaid bills, threats of legal proceedings and even loss of one’s home, and so on, the scene is set for disaster. It’s a severe crisis and ridding of the chains that dragged one into the mess is as complicated and difficult as almost anything faced in life.

This condition of modern life is slavery to a system designed to inflict through fear. The latter emotion drives panic and other things such as anti-social behaviour and criminality.

Common sense and logic are hard to find when the brain is focused on consequences of debt. Experts are usually required to solve the problem but they are hard to find and usually out-of-reach for the debtor. They do not exist in governments or religion because there are few if any who genuinely know the solution to such problems.

Greed, under-payment for work, addictions, and gambling problems are all part of the mix. Add to it the break-down of relationships, medical and other expenses, as well as family problems and the like all add up to debt that cannot be met.

Both society and the establishment work towards creating the situation and one has to take a look at the big picture to discover how and why it is so.

My memory of reincarnation and strong link to the Spirit of the Universe has provided insight into such situations. Everything is part of a grand plan to bring the world as we know it to an end. The bible tells us that everyone who has lived is back in bodies at this time and they ae judged according to their spirituality.

This explanation will be over the heads of many readers who cannot come to grips with the fact that they are being spiritually killed by the fiction they believe in. All debt is fiction just as religion and the false gods it promotes. Money is one of those fake idols.

When the Spirit took me away from the world in the sense that my need for money faded away It also provided answers that are impossible to find otherwise. It took me to the beginning of religious systems and how man’s passion for make-believe led to the establishment that drives debt.

Fear and loss of common sense is at the heart of driving people into believing in the false gods that are now killing thousands daily. Brain-washing from birth impacts the brain and denies spiritual food that would otherwise lead one out of debt and into a form of recovery that is impossible to find otherwise. Economic slavery is the make-believe that creates power and control of the masses and debt is the trap to keep them in line.

Reasons Why Shouldn’t Use A Personal Loan To Pay Off Your Credit Card Debt

Many people in Singapore hold multiple credit cards at the same time as each card has its own unique benefits. Under such circumstances, people can potentially fall into a debt trap as he/she owes money to several creditors. There are multiple payments and due dates to keep track of, and the non-stop reminders about unsettled balance only adds to the tension. As you fall behind the due dates of making the payments, your debts will only become larger. One of the way out from this debt trap is having a personal loan known as Debt Management Plan or DCP.

DCP was introduced by Association of Banks in Singapore (ABS) in the early part of 2017 for all Singapore nationals and Permanent Residents who are facing difficulty in settling their debts. DCP is a type of personal loan where you can borrow a lump sum amount to pay off all your current debts right away. However, you can take the help of a DCP only for unsecured credit facilities such as personal loans, credit cards and other credit lines. Let us take a look at some of the benefits and drawbacks of a Debt Settlement Plan:

Benefits

  • You only have to make a single payment per month as a DCP consolidates all your debts into a single debt. This will help you save your energy and time and cutting the stress of missing a payment, as you no longer have to keep track of all the different creditors.
  • Lower interest rates with a DCP makes it easier to pay off all your debts and actually make visible progress.
  • When a DCP is managed well, you have a better chance of saving some money instead of spending your whole monthly earnings on paying bills.

Drawbacks

  • The biggest drawback of DCP is the potential of getting into more debt. People who are not careful about their expenses and have a habit of gambling are prone to get themselves further into debt.
  • Even with low interest rates, you may take longer to pay back your debt with DCP. In the long run, this will lead to more interest payment. To avoid this, you must concentrate on paying off your debt as early as possible.
  • If you fail to make timely payments, fines and interests will be imposed, which will only enhance your burdens.

If you choose to transfer your DCP to other banks, you will have to do it three months after your DCP is sanctioned. You will be subject to penalty fees which the original bank may charge for early termination or transferring your DCP. Since a long commitment is required with a DCP, you should do your research extensively before applying for a plan.

Once you have taken a Debt Settlement Plan, all your prevailing credit cards and unsecured debts are adjourned. You will be offered a revolving credit equivalent to your one month’s salary. You will not be eligible to apply for any new unsecured cards during the time your DCP is active, unless you have repaid a part of your debt.

Eligibility criteria

To be eligible for a DCP, you must be a Singaporean or a Permanent Resident. You must have personal assets worth less than S$2 million or your earnings should be in the range of S$20,000 and S$120,000 a year. Your consolidated unsecured debts must exceed by over 12 times your monthly income.

Fees associated with a Debt Management Plan

There are a few banks in Singapore that charge a fixed processing fee while the others charge up to 3% of the sanctioned loan amount. You should opt for a personal loan to finance your crises if you can wait for a few days. Personal loans are better than cash advance because of fixed monthly payments and low interest rates.

A Debt Settlement Plan will help you pay lower monthly sum with low interest rates. As a result, it will help you focus on a single contribution every month and have less financial strain. A personal loan in the form of a Debt Management Plan will help you negotiate with your creditors for removal of penalties to make your loan amount lower.

The Unwritten Rules of Buying on Craigslist

From a buyer standpoint, Craigslist rarely has any rules. That doesn’t mean unwritten rules don’t exist. If you want to score the best deals and keep repeat sellers on your good side, continue reading on.

Only Go After Items You Are Interested In

Craigslist sellers rarely sell on Craigslist for a living. They are either trying to make some extra cash or de-junk their homes. They don’t have time to waste going back and forth exchanging over 20 emails only to have the interested party say “you know what, I don’t think I am interested anymore.” It is okay to ask legitimate questions to find out if the item is worth the buy or the trip, but don’t lead the seller on. Yes, this really does happen and some people do it just for the fun of it. If you want to play a game, go play checkers with the little kid next door.

Answer Your Emails

If you contact a seller by email, they will respond by email especially if you don’t provide them with a phone number. Guess what that means? You will get emails, so make sure you check yours. Don’t rip the seller a new one when they decided after a week of you not answering their emails to sell to someone else. It was your fault and your fault alone.

Price is Firm Actually Means Price is Firm

Many people consider Craigslist to be a glorified yard sale. At yard sales, you haggle for a better price and you can do the same on Craigslist. However, save yourself time and a few nasty emails; avoid haggling with sellers who state “price is firm.” They are either broke or have a gambling debt they need to cover. They are telling you upfront the answer is no. Try haggling with a “price is firm” seller and you may actually get a “listen moron, do you know how to read” email in response.

If You Say You Are Going to Show Up – Do It

Ask any regular Craigslist seller what their biggest pet peeve is and most will say (aside from people who ask stupid questions), people who don’t show up. If you agree to buy an item from Craigslist and agree to meet the seller, actually show up. If you have a last minute change of heart, have the common decency to at least send an email. This is vital if you are meeting your seller in a public place. They will be foaming at the mouth if you leave them waiting in the parking lot of Burger King for two hours only to never show. You never know when you may run into that seller on Craigslist again.

Student Pay’s Off $60,000 student Loan Playing Online Poker

I thought this might be an interesting article to list since I only started this new site less that 2 weeks ago. This site is all about debt and everything that goes along with it. I barely had this thing up and going and i was getting emails from people telling me their debt stories and I have no place to put them so I figured I would add them on here until i’m ready for them so here it is:

To: whom this may concern,

I noticed you started this new site and wanted to hear about debt and all the stories people have whether good or bad. Well I have an interesting story for you not one that a lot of people would agree with but one that I did and paid off in a big way. I graduated from Ohio state in 2005 and had no idea what i wanted to do in life. I had around $60,000 in student loans and was being “killed” (sorry but I didn’t know what other word to put there) by the interest on the loans as you know many of us students are. I worked my butt off and tried to pay this down during school and didn’t have much luck with the cost of living.

So one day I was surfing around on the net and saw all these articles about online poker and I said what the heck let’s try it out, one site was offering 100% match on my deposit. Now i’m from a very religious home and gambling is not tolerated.

So here goes I deposited $800.00 it was the last of my student loan money and well I was up $500.00 in the first 10 minutes, I thought AWESOME here I go. I played for several hours and didn’t move very much that day. So the next day I woke up and played again I went UP $2500.00. I was darn near rolling over on the floor. So I figured I would go grab something to eat and came home and played again. Now i’m thinking I have issues with gambling. So I figured if I went up anymore I would quit. Well that never came I went down $600.00

On to the next day a Sunday (god’s day)hahah I thought OK i’m gonna win today. I wasn’t playing for 20 minutes and I was broke. I LOST it ALL I didn’t know what to do talk about depressed. So back to the drawing board. I started mowing lawns and was making OK money but the thrill of winning that money playing poker never left my head.

Now that everyone thinks I have a gambling problem I went on and played again FOR FREE this time and went into a FREEROLL tournament(is a tournament you can play and win small amounts of money or entries into bigger tournaments) so I play about 20 tournaments lost them all and started to give up. There was one more tournament at 9:30pm for a free entry into a big tournament. The problem was there were 2500 people playing for this. Well I played and 8 hrs later I won the tournament and I was in to the big tournament.

So the following Saturday is the big day. Well I was late by 30mins I was down big time but I was still in the tournament just sitting out every hand. 7 1/2 hours later I was the winner of $100,000.00 Yes I could not believe it and I still do not believe it but here I am today debt free of $60,000 and off to the wonderful game of life.

Till this day I have not played online poker or any type of gambling. I figured My wish was granted

CHEERS

GOOD LUCK WITH THE SITE LOOKS GOOD