Credit cards can easily lead to financial ruin if you don’t handle them properly. Knowing how credit cards can lead to financial ruin can help you avoid the possibility. It is far too easy to get in too deep with your credit card debt. Finding yourself in an endless pit of credit card payments will make you painfully aware of the financial ruin that they can cause.
Here is a quote from ‘Coin Toss’ from Illinois. “The Florida schools might loose some funding as a result of this but all too often any state with a lottery that talks about ‘bucks for education’ uses ‘voo doo’ accounting and those ‘bucks for education’ become a part of a shell game”. Below is a graph on how they spend the money for ‘public enhancement’, including links to view their Company Annual Report and any other financial matters.
The B.C. Securities Commission’s just-released company annnual report shows the commission collected $887,000 from stock market miscreants during the year ending March 31, down from $1.4 million the previous year.
If you have credit cards, get rid of them. Stop using the credit cards. The worse thing you can have is credit after bankruptcy. Instead apply for a secured credit card. Here you will have to deposit money into your credit card account and you can only use the credit card to the tune of the amount deposited. This will prevent you from spending beyond your means, the one thing that most probably is responsible for your bankruptcy. This type of credit card is excellent for building credit, but make sure that the credit card company reports your credit history to the credit bureaus.
These 12 steps should help you put together a solid business plan. Just keep in mind that you should stick to the facts and back everything up with evidence.