As we live our lives, most if not all experience some valleys and peaks, high and lows of life.  One day you have so much, another day you are in need. 

 

Have you felt like you wish you can start all over again and do things differently? Like wishing you handled love and relationships, school, work, and finances better?  One of the things I learned in life is the importance of having a mentor. A mentor is something ( a book, an audio of video tape) or someone like a person you look up to, who would help you become better in what you do or a person. A mentor is one who would trust you again. Seek a mentor that would help you do things and do it right and better.

 

One of the things we should learn in life aside from handling relationships well is how to handle money.  A lot of us we’re taught how to earn money but not a lot were taught how to take care of it. 

 

We work or do business to earn. We studied many years so we could land on a good job or start a business, but why there are so many professionals who are earning much yet has no savings.  It’s because spending wasn’t controlled to the point of spending more than how much is earned.  A lot fall into the trap of swiping cards left and right, just to find out their credit are over extended, and interests keep on compounding.

 

When interests and credit due overtakes the income and one is unable to keep up with the payments, then ones credit card may be cut and this could result in serious credit ratings that can affect your credibility to borrow for bigger purchases like a car or a home.

 

It is a good thing that one with a bad credit history can still make bad credit loans.  There are financial institutions that are willing to take the risk on lending at higher interest rates than usual, but it least it gives one a chance to recover.

 

When you get trusted again, build your credit worthiness by paying bills on time and get rid of interest compounding a lot by paying the principal.  Build trust and cease the opportunity to show you are worth it. Attend financial literacy programs and get professional help and advice how to establish credit worthiness.