How To Stretch Your Bill Paying Dollar

Hi,
Our focus is to identify whether the need to stretch our bill paying dollars is a chronic or acute problem. Today we'll deal with the acute scenario. Sometimes unforeseen expenses do not allow us to meet our monthly obligations. In this case, first pay the rent or mortgage in full. Then total the rest of your bills. When you compare the amount of your remaining bills with the amount of the available funds you have left, you will be able to determine the prorated amount you can send to each creditor. Example: If you have $1000.00 and you have $2000.00 remaining in bills, you can send each creditor 50% of their payment. It is imperative to contact your creditors, and explain your situation to set-up a payment schedule that will bring your account current over the next two months. Generally all creditors are more than willing to work with their customers if their customers are forthcoming about their problems. The only time creditors react in a negative way is when their customers ignore repeated attempts at communication for the purpose of resolving their accounts. Do not under any circumstances ignore written communication, phone calls or electronic communications from your creditors. Remember that your creditors are in the business of providing goods and services to you and are not in the collection or repossession business. Last but not least, never make a payment arrangement you know you can't keep. Tomorrow we will discuss chronic financial difficulties.
Until then,
Alan