Ways to avoid bankruptcy

(Cc cch trnh b ph sn)

1. Having all the due dates switched to the same date
Creditors may seem like the enemy at a time when youre debating bankruptcy, but the truth
is they may be able to work with you if it means they wont lose all the money they lent you.
Negotiate and see if lenders will lower your interest rate and work out a repayment plan.es
switched to the same date. This can help prevent late fees which can add to your existing
debt
(Chuyn tt c cc khon n v o hn cng 1 ngy: Nu bn c rt nhiu th n tn dng v
bn ang gp rc ri lm th no tr cho th tip theo, hy c gng lin h vi ch n v
thng lng tt c cc ngy n hn chuyn sang cng 1 ngy. iu ny gip ngn l ph tr
tr c th thm vo khon n hin c)
2. Talking to your creditors
Creditors may seem like the enemy at a time when youre debating bankruptcy, but the truth
is they may be able to work with you if it means they wont lose all the money they lent you.
Negotiate and see if lenders will lower your interest rate and work out a repayment plan.
(Trao i vi ch n: Ch n c th c v nh k th ti mt thi im hin ti khi bn ang
tranh ci v ph sn, nhng s tht l h c kh nng lm vic vi bn nu h khng mun
mt tt c s tin h cho bn mn. m phn v xem liu ch n c th h li sut ca bn
v ra mt k hoch tr n)
3. Refinancing
One alternative to high interest credit card debt is to refinance your home and get cash out.
Because your mortgage is secured debt, it has a much lower interest rate than most credit
cards. By refinancing, you can use secured debt at a low interest rate to pay off high interest
unsecured debt.
( Ti cp vn: Mt thay th cho li sut cao n th tn dng l ti cp vn v v c th rt
ra c. V th chp ca bn l n c bo m, n c li sut thp hn nhiu so vi hu ht
cc th tn dng. Bng cch ti cp vn, bn c th s dng n c bo m vi li sut thp
tr n cho tn dng li sut cao khng m bo)
4. Living within your means

The most important thing to maintaining a healthy financial life is to live within your means.
This means to spend less than you earn which is understandably a very difficult lifestyle
change. However, if you want to get out of debt, the best thing is to begin sustainable
spending habits immediately.
(Sng trong kh nng cho php ca bn thn:iu quan trng nht duy tr cuc sng ti
chnh khe mnh l phi sng trong kh nng ca mnh. iu ny c ngha l tiu t hn
nhng g bn kim c- iu ny c th hiu l s thay i li sng rt kh khn. Tuy nhin,
nu bn mun thot khi n nn, iu tt nht nn lm l hy bt u nhng thi quen chi
tiu bn vng ngay lp tc)
5. Getting rid of extravagant purchases
Consider getting rid of extravagant purchases if it makes sense. If you just bought a new car
and youre having trouble making payments, think about trading it in for a cheaper car.
While its never fun to get rid of nice things, its more important to focus on being debt free
and getting necessities paid for, like your mortgage.
(T b thi quen mua cc mt hng xa x: Hy xem xt vic thot khi mua hng xa x nu
vic ny mang li ngha cho bn. Nu bn ch cn mua mt chic xe mi v bn ang gp
kh khn khi thanh ton, hy suy ngh v vic mua mt chic xe r hn. Trong khi chng vui
v g khi t b nhng th tt p, quan trng hn l hy tp trung vo vic ng b n nn
v c tin tr cho nhng th thit yu, nh th chp)
6. Stay up to date on your credit score
Stay up to date on your credit score. Many people assume they can pay off their debt by
refinancing, or by applying for more credit to hold them over. However, if your credit score
has dropped and you dont know it you may be in for a rude awakening when your
application is denied. So be sure to check your credit score with Quizzle throughout the year,
and dispute any errors.
(Hy cp nht lin tc v im s tn dng ca bn: Nhiu ngi cho rng h c th tr ht n
ca mnh bng cch ti cp vn, hoc bng cch xin cp tn dng nhiu hn v gi chng li.
Tuy nhin, nu im s tn dng ca bn gim xung v bn khng bit iu ny - bn c
th bc mnh khi nhn ra rng vic xin cp tn dng ca bn b t chi. V vy, hy chc chn
kim tra im tn dng ca bn vi Quizzle trong sut c nm, v hy tranh lun v bt k li
no lin quan n vn ny)