New Post/Thread Notification: ASK AN ATTORNEY - Bill Bauer

Hello, Creditwrench has just posted in the ASK AN ATTORNEY forum of CreditWrench under the title of rss:Debt Law Network. This thread is located at http://www.creditwrench.com/consume... Here is the message that has just been posted: *************** A recent article in the Summer 2009 USAA magazine (published for its members’ benefit) by Lisa Holton (http://en.wikipedia.org/wiki... sound advice on “Where To Get Money Now” (https://content.usaa.com/mconten...) — how to manage cash shortages in today’s economy.**Ms. Holton is*the former Business Editor for the*Chicago Sun-Times and offers wise advice to the USAA readers–to stay away from the flashy, quick fix to financial troubles* while categorizing the options into easily understandable*”danger” categories: *SAFE HAVENS:*** 1. Cut your budget 2. Use your emergency fund 3. Get a second job 4. Selling the car 5. Open a certificate of deposit 6. Stop contributing to education funds 7. Spend severance (or all) money wisely 8. Sell stuff *ENTER WITH CAUTION* 1. Sell taxable investments 2. Ask family (friends) for gifts 3. Ask family (friends) for a loan 4. Cash in a savings bond 5. Consider peer-to-peer borrowing (www.prosper.com (http://www.prosper.com)) 6. Take out a home equity loan 7. Take a 401(k) loan *KEEP WALKING* 1. Taking cash from retirement* (not only do you pay penalties, you are robbing your future to pay the present) 2. Using credit card advances (usually a higher interest rate) 3. Borrowing against life insurance (if you die unexpectedly, the policy loses value) 4. Take a payday loan (huge interest rates) * * * *If you liked that post, then try these...* The cost of fine print (http://www.debtlawnetwork.com/the-cos...) by Cathy Moran Banks Raise Fees On Consumers After Receiving Billions In Bailout Funds... more... - Bill Bauer from email