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THE COST OF DIVORCE

I have been married now for close to twelve years now, and though there have been some tough times, my wife Deidre and I are still hanging in there and love each other.  We have a number of friends who got married before and after us, who have the same story.  However we know of many who have started out on the journey called marriage but decided that there was not enough  The subject of divorce is a difficult one whether you're in Christian circles or not.  The truth of the matter is that divorce is that elephant that is standing in the middle of a lot of our rooms but no wants to acknowledge it.  The question is what do you when faced with it and how do you handle the subject of dissolving a marriage when there is so much involved and invested. 

Handle Your Business

What is often difficult to keep in perspective is that you almost have to view divorce like a business transaction rather than the end of a relationship.  Over the life of a marriage, property is acquired, accumulated, and disbursed.  When its time to dissolve a marriage relationship, the spouses have to take on the mind of a mergers and acquisitions manager, and stay objective, or you will become emotionally charged and eventually make the wron decisions.  I know it sounds cold and calculating (no pun intended), but what may have started out as a passionate love romance must, oftentimes, be relegated to a four-person board meeting (if you count the lawyers).

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PROTECT YOUR GOOD NAME...AND CREDIT

I am sure we have all seen those Citibank commercials where the big heavyset middle-aged man takes on the voice of a valley-girl teenager.  Or perhaps the one where an elderly lady take on the voice of a husky-voiced man.  The commercials center around identity theft and it’s a problem that consumers and even credit card companies want to help curb, as it is costing the industry and individuals millions of dollars to rectify.  The U.S. Department of Justice posted the following on their website, 

 

The Federal Trade Commission advises: “While you probably can’t prevent identity theft entirely, you can minimize your risk. By managing your personal information wisely, cautiously and with an awareness of the issue, you can help guard against identity theft.” Source: FTC Brochure - ID Theft: When Bad Things Happen To Your Good Name

 

Traditionally, in the Black community, the mindset has been, "I have nothing to take".  So because there seems to be a more laid-back (than in other communities) attitude, the concern has not been as high.  But what happens when you are denied insurance or medical care because someone has hijacked your identity?

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NO CREDIT CHECK PERSONAL LOANS

Credit problems can erupt at any time without any prompting. If you are searching for personal loans with bad credit, you will think that perhaps it might be difficult. To get through personal loans process easily with bad credit can be overwhelming for some people. For them no credit check personal loans are offered. 

No credit check personal loans are a novel way to overcome credit problems. However, finding personal loans with no credit checks can be slightly difficult. With no credit check personal loans, borrowers must weigh their options. Personal loans with no credit checks are a way to get a loan even if you have bad credit. You won’t be turned down due to bad credit. No credit check personal loans do not have high interest rates as are associated with bad credit. 

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CREDIT CARD COMPANIES STRIKE BACK

There was a time when having a credit card was considered to be an elite privilege.  The purpose of credit card was to avoid carrying large sums of cash.  People gladly paid annual fees for the convenience, and no one offered things like frequent flier miles or cash-back rewards.  As a matter of fact, it was so difficult to get a credit card, you were glad to have been accepted into the "elite".

There is currently legislation in the works to limit how credit card companies can charge you in terms of penalties, late fees, and interest rate hikes.  These change in fees come, usually, with no or little warning.  So, in essence, you could be carrying a large balance on a credit card, and have your interest increase by as much as $70, $80 or $90, just like that.  Some consumer advocacy organizations claim that credit card companies are grossly profiting from these unnecessary fees and rate hikes and it has to stop.  The argument from the companies is that the free market is just that- free.  If you feel the fees are too high or unfair, then go to another company.  But we know that it's not that easy. 

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FREE CREDIT REPORT?

According to an amendment to the Fair Credit Reporting Act, you can obtain a free credit report on yourself for free one time every year. However, just like with any new law or service, there are people out there looking to take advantage of you. So be aware of what you see when looking for your credit report; not every service claiming to offer you a free credit report is actually offering one. 

To get your free credit report, you really only need to go to the annual credit report website. If you go to the Federal Trade Commission’s website, you will find all the information you really need to get your free credit report. You only need your name, social security number, date of birth, and address to get the free report. As easy as it is, there are still many companies out there who want to get the business of people like you who are seeking their free credit report. 

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