Gas Prices, Grocery Bills, and Debt
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Holy Cow! I think I need a few minutes to rest so the shock of driving past the two gas stations that are on the way home from my daughter’s school. Gas prices are up so high, that I am cutting out most non-essential car trips. I’m only going out again today, because I have to get my daughter to the doctor and then take my former mother-in-law to dinner for her birthday.
The rising gas prices, super high food prices, and the rise in nearly every other commercial and retail sector is really starting to impact more than just the lower and working middles classes here in the United States. Employment rates and salaries are not keeping up with the changes and home prices are not retaining their value. Because of that, high levels of consumer debt are becoming more and more common.
Something that a lot of people do not realize is that in some states, if you are in over your head in credit card debt, there are sometimes ways to settle for a lesser amount with your creditors. It’s not for everyone, and you certainly could not continue to use your credit cards, but it is a way for some people to get out of debt and find a better path toward savings and the eventual betterment of your credit score.
I was looking on the ACA website and found a handy little free e-book called the “How to Deal with the Calls Guide”. If you have ever been pestered by creditors who are not following the many laws that are in place to protect consumers, this will be a good read for you. And while you are there downloading the e-book, check out the various debt calculators on the ACA website.
I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.
Tim Ramsey
Gas prices are still increasing. This has got us worry for some time. Debt is another problems we’re facing now. I keep my distance with debts from banks because they are the worst debt we could have.