If you are in debt, then there’s a very good chance that it isn’t your fault. You are a good person, and you have every intention of paying back what you owe. Unfortunately, life keeps throwing obstacles in your way, and you are now in a position where you feel you just can’t get out of the hole you’re in. With that in mind, here are some personal debt reduction tips to help you get back on firm financial footing.
1. STOP! You will not get out of debt by going further into debt. Stop using your credit cards now. Whatever it is, it can wait. No excuses. It is time to stop making a bigger financial hole, and time to start building a solid foundation.
Let’s face it, the average consumer does not like being in debt. That would certainly explain why there are so many debt reduction companies out there. While they claim to help you lower the amount you owe, you should know that there are different types of services. Knowing these differences will help you choose the company that is best for your situation.
Debt settlement companies deal directly with your creditors. What they will do is negotiate the amount you owe. The funny thing is that the further behind you are in making payments, the less your creditors are likely to take. That doesn’t mean you should purposely withhold payments just so you can get a better deal, though, as this will have a negative impact on your credit score.
So, you have got this mutual fund and it has not been performing like you thought it would and now you need to find all the information you can about selling mutual funds. Just for starters you need to understand some basic tactics.
The first thing you should do is get in touch with your broker, or whomever you bought the mutual fund from in the first place. They should be able to help you sell it. They will ask you if you want to sell for net or gross. Selling for net means you will have to authorize the selling of more of the fund so you get the correct amount of money from the sale and all the fees get paid.
If you sell for gross then the whole thing is sold and you take less money because the fees are taken out after the sale. If you took on a broker after you bought this particular fund then he or she cannot be the seller of this particular fund. You will have to go to the place you originally bought it from to place your order to sell. If you bought the mutual fund online then go there again to sell it.