Preparing for a financial emergency is often something difficult to do. Many people simply do not even think about what could happen since they are living day by day just trying to make it. Having an emergency plan, though, will help to prevent trouble when something does happen. An emergency situation can cause major trouble when you do not have the finances to handle it.
Few of us think about what would happen if we lost our jobs or suddenly became too ill to work. The thought is simply too terrible to contemplate in many cases, especially if we are living paycheck to paycheck with a job as it is.
The fact is, though, that financial emergencies happen to almost everyone at some point and they can have devastating impact in your credit. In fact, most people who declare bankruptcy do so because of a huge financial disaster such as … Read More