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What are the 3 Financial Mistakes You Should Avoid

http://goo.gl/DHzMHZ - When it comes to money matters, one hasty decision is enough to inflict severe damage to the finances of an individual and even to a whole household. But is it really possible to avoid committing financial mistakes? follow us on: fb: https://www.facebook.com/NewHorizonBusinessServicesInc twitter: https://twitter.com/NewHorizonOrg pinterest: http://www.pinterest.com/newhorizonorg/credit-tips/ g : https://plus.google.com/u/0/ NewhorizonOrg/ Subscribe us on: https://www.youtube.com/user/CreditRepairCoach

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What are the 3 Financial Mistakes You Should Avoid

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  1. What are the 3 Financial Mistakes You Should Avoid? by:

  2. Remember that charging expenses to these plastics do not come for free. Relying Too Much on Credit Cards. Relying too much on credit cards for financial security is risky.

  3. If you fail to pay your full balance on time, you will incur the interest rate charge. Most credit cards have very high rates, especially credit cards with rewards. You could be stuck in bad debt so quickly, before you even realize how it happened.

  4. Check which of your cards have the highest rate of interest and find a way to pay this balance first completely. Pay your balances one credit card at a time. Consider acquiring a balance transfer credit card with zero interest. How to recover?

  5. Medical bills and hospitalization costs can quickly throw you in a bad debt situation if you don’t have insurance coverage. To prepare for a medical emergency, it is recommended that you acquire a health insurance policy. Credit cards should not be used to pay medical bills

  6. Borrowing Against Your 401(k) Fund. If you need a loan or financial assistance, don’t take it out on your 401k. Even if you plan to return it, you will lose the interest earnings until you are able to pay it back. In case you lose your job, you will need to work on repayment within 60 days or pay the taxes.

  7. Pay back your loan at the soonest possible time and reserve this fund for your retirement years. Build your personal fund or a savings fund that you can use for financial projects and emergencies. How to recover?

  8. Many consumers who are stuck in a bad debt situation sought the wrong kind of help. Many of these agencies even claim to be non-profit organizations offering credit counseling services when in truth, their only purpose is to make money out of unsuspecting victims. Asking financial help from the wrong experts.

  9. File a complaint to the FTC right away. Learn from this experience and be more cautious the next time. Carefully check the company’s background, reputation, and legitimacy by doing your own investigation. How to recover if you have been a victim of a fake credit counseling service:

  10. Contact NHBS if you need free credit repair guide and credit repair Ebook.

  11. Connect with us by clicking your favorite social media icons below: admin@newhorizon.org phone: 1-888-308-7160 MONDAY - FRIDAY 8 - 4 P.S. T http://www.newhorizon.org/NHBS/

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