I was visiting a good friend the other day, and while his dining table, I noticed that there is a very large pile bills not open. I joked with him that they are in the dark since the beginning of the bill was being examined, as the electricity company. She laughed and told me if I was really a good friend, I would like all open and pay for them.

She knows that I am everything with personal finances and she knows that I write a blog, personal finances. It knows no address and no requests for them, because they have no personal financial interest. I think that they prefer the dentist to read that everything related to personal finances. I asked him whether they really need help, I would be glad to help them.

Apparently, it was exactly what they wanted me to say. She directed and received his orders check (with the blank check store) and told me to fire up a laptop. With the permission, I’m posting its history (excluding the names and credentials).

Long story short, his personal finances are out of control. Most of his are in arrears. It is a charge for all costs related to delays in the square. I reviewed the last six months of his account and it is also not to pay the monthly bank fees. It keeps all of their funds in an account that pays no interest, and it does not have a savings account. Fortunately, the only credit card debt, she is on a credit card with a balance of approximately $ 4400.00.

Here is what we have done to try to get on the right track:

* Opening a savings account. She was approximately $ 6800.00 on his account checks. I recommended an Orange ING savings account and this is explained in detail. She was very enthusiastic about the idea that we have opened an account once and setting up a time of $ 2500th She then every two weeks the transfer of $ 250 installation of its current account to the savings.
* Amended to a checking account. They paid $ 7.50 per month for an account without frills with one of the major mégabanques. She has the desire that the convenience of the bank, whether they stay, but we were able to its establishing a free account with a depository directly.
* Credit check. She had no idea what it was as a tool. She had some payments on his credit card. Do not miss the payments, because they do not have the money they do not, because he has forgotten the due date. We run three offices of Equifax credit information and see what it is free. Fortunately, no payments were stopped by creditors. It also has a good credit score in the mid-nineties 700.
* Transfer of the balance. We have moved the rest of his former credit card for a new Discover Card with a maturity of 12 months 0% for the remaining amount. They are able, with the repayment of the balance in full before the time limit of 0%. She had an interest rate of 18.99% to its old.

It is hoped that the above-mentioned steps will help you get on the right track. His situation is a little different and much easier to correct. She has a good salary and their income is higher than its cost at home. We have weekly meetings of the configuration to ensure that all loose ends are wrapped. We will ensure that all bills be paid during the period, which is balanced checks and credit card debt is at the disposal. I want you to the boy update on how things passent.going.