There is a ton of talk about how Americans do not save and that a large majority of people are in debt. This is true, and you should be aware of these things when you are trying to create some type of balance in your own life when it comes to your finances. You need to know what your credit score is, and you need to get your credit report on a regular basis. These are the type of things that can help you prevent a lot of issues that you may not know are going on.
There may be bills that you do not realize that you have not paid in full. This could be outstanding debt on your credit report that is keeping you from getting anywhere. You can also find yourself with cases of identity theft that can greatly hinder your progress.
Don’t Wait Until Things Get Out Of Hand
What you need to do is get ahead of any debt that may be coming. If you know that there are things that you cannot pay you need to set up payment arrangements. You need to make a conscious effort to do the things that will keep you from getting into a ton of debt. There is no reason for you to put yourself in a situation where you are constantly trying to pay a debt collector when you could simply handle these bills with the companies before the bills go into collections.
Things like debt recovery services are very real, and these companies will contact you on balances that you have not paid. When you provide your information initially when you set up an account to get a loan this information is transferred to these collection agencies. When you default on the loan it becomes the job of the debt collection company to set up payment plans with someone that has failed to pay a balance.
Keep A Level Head
It can be very alarming to have collection agencies that are calling you on a regular basis about something that you may not even be utilizing anymore. You can find yourself getting angry, but you need to keep a level head about things. It is not the end of the world to have debt that you have to repay. It is stressful, but there is a solution if you take the time to talk with someone that is collecting on these debts. You may find yourself in a situation where you actually have multiple options to make payments or consolidate based on the history of the loan or the debt.
Realize That There Are Solutions
There are a ton of solutions to consider, but you always need to
be mindful of the fact that it is only going to get worse if you do not pay any
attention to it. That is what you need to realize in the beginning so you can
make better choices in the future about how you repay debt.… » Read more
Have you ever turned on the news and heard about the cryptocurrency phenomena? You may be asking yourself what is/are cryptocurrencies and how is one able to buy them? Are they protected and where did they come from? With all the news about cryptocurrencies such as Bitcoin lately, it is important to look back on the history of Bitcoin to fully understand why it has been such a hot topic.
Before you go online and determine how to buy bitcoin, it is important to realize and study up on the history of bitcoin and how exactly it got started. Cryptocurrencies have been around longer than Bitcoin has been around, however, Bitcoin has been the leading cryptocurrency that has taken the mantle as the face of cryptocurrencies. There were names such as ecash and bit gold available that had working algorithms that are similar to what Bitcoin and other cryptocurrencies are now. The first sign that Bitcoin was coming into existence was the registration of the domain bitcoin.org in August of 2008. Going forward a few months, Satoshi Nakamoto published a paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System which included details of how to create transactions online without having to worry about trusting the other user. This paper was released on October 31st, 2008. Later on, in January 2009, the first ever transaction of bitcoin occurred between Satoshi Nakamoto and Hal Finney, a programmer. Early on the price and value of bitcoin was highly debated upon. Until 2010 bitcoin was only mined and was never really traded. However, in 2010 there was a brave soul who decided to sell off 10,000 bitcoins in order to receive two pizzas.
As time progressed and bitcoin was becoming more of a household name, other cryptocurrencies began to emerge in order to create a sense of competition between currencies. Two of the first rivals to emerge were Litecoin, which is still referred to as one of the big three cryptocurrencies, and Namecoin. The growth of cryptocurrencies even got to a point in 2011 where foundations, such as Electronic Frontier Foundation, took in bitcoins as donations early in 2011. In 2013, Coinbase, now a popular application that is on the app store for both iPhone and Androids, sold one million dollars in bitcoin at approximately $22 per coin. 2013 continued to be a bigger year for bitcoin due to agencies such as the FinCEN (Financial Crimes Enforcement Network) created rules and guidelines for bitcoin that would lead to the mining and selling of bitcoin as possibly taxable actions. Bitcoin was also able to surpass the $1000 mark despite declining shortly after.
As bitcoin has grown, it has surpassed the expectations of many, if not all who have observed bitcoin. In 2017 bitcoin would grow to over $10,000 per bitcoin and reach a max value of over $13,000. Even though the price has dropped since 2017, bitcoin has made the news and now everyone is aware that bitcoin exists, and it has created new … » Read more