How Does The Lehman Brothers Collapse Affect Your Personal Debt?
Blaine, Washington - You’ve probably heard the news about Lehman Brothers declaring bankruptcy and Merill Lynch being sold to avoid the same fate. These two events combined to hit the markets with the worst drop since September 11, 2001. On the day these two companies made their announcements, the Dow Jones dropped more than 4 percent - roughly $700 billion that was suddenly gone from investment portfolios, pension funds and retirement plans.
Did that sink in? 700 billion dollars that evaporated from pension funds and retirement plans. For example, even if you don’t have any investments of your own in the stock market, chances are your company’s pension fund does.
And it’s probably worth a lot less today than it was yesterday.
Plus, it’s not just the markets that are causing people’s finances to fall apart. The price of gas is through the roof, the housing market is suffering, the cost of day-to-day living is climbing every day - and it’s all hitting people right in the pocketbook.
Anyone carrying any kind of consumer debt, such as credit cards or short-term loans, is in even more trouble.
When costs go up and the value of your investments drop, lenders don’t say “We want to help you - we’re going to adjust what you owe accordingly”.
No, if anything they’re going to get even more aggressive about collecting the money owed to them because they get worried that people might not be able to repay that debt.
So what are you doing about your debt? If all you’re doing is stressing out, you need a plan for getting it paid off.
That’s where the Debt Reduction Academy can help.
The Debt Reduction Academy is a new system that will show you how to prioritize your debt and get it paid off as soon as possible. It can be found at http://www.debtreductionacademy.com/get-out-of-debt.php.
The system’s creator, William Blake, knows firsthand what it’s like to be smothered by too much debt. At his “high” point, he had over $100,000 in consumer debt (not including his mortgage) that was mostly on credit cards and loans he had taken to pay off those cards in the past.
Once he realized he needed to do something about it, things were pretty ugly.
According to Blake, it took a great deal of studying, considerable cost and a lot of trial and error before he worked out a system that helped him get it all paid off, and keep it that way once and for all.
“I know what it feels like to be in a constant state of stress and anxiety, not knowing how you’re going to deal with all that debt,” says Blake. “My goal is to help as many people as I can reach the same place I am - complete freedom from debt.”
If a 158 year-old investment banking firm like Lehman Brothers can be brought down by too much debt, anyone can. Now is the time to get off the treadmill and start moving forward in the fight against debt.
More information about getting out of debt is available on the Debt Reduction Academy website at http://www.debtreductionacademy.com/get-out-of-debt.php. You can also sign up there to receive a free copy of William Blake’s 5-day Mini Course entitled “Operation Money-Find: How To Find Money To Start Paying Off Your Debt This Month”.
- Contact Information
- John Lenaghan
- Vice President of Marketing
- Nichescape Publishing
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.