Many people want to start their own business because they are in debt, have been laid off or cannot find a job. It is highly recommended that a person that is in debt to find debt counseling before starting a home based business.
People worried about their credit card debt or those, who are unable to pay that debt, must overcome a fear of the consequences of not paying their credit card debt before they can completely get rid of that debt.
“If I cannot pay anymore or will not be able to pay in the future, what should I do?”
There are the two scary choices of bankruptcy or the sacrifice of monthly essentials for the sake of a paying off credit card debt. But, once we eliminate the fear of debt collectors, more options become available when we are able to make objective rather than emotional decisions.
Debt collectors are powerless because they rely on lies and empty threats to get as much money from you as they can. They threaten lawsuits that do not exist. Some even threaten jail which is totally rediculous. All of these threats are illegal, so don’t worry about them. The key to effectively dealing with debt collectors is not taking their phone calls, or minimally not giving them any personal information over the phone. Instead, it is important to respond properly to their written collection notices to you, according to the Credit Card Debt Survival Guide.
Click here for a very good debt counceling resource. Get out of debt first, then pursue your own business.