Business
Georgetown Funding Won’t Help You Get Out Of Credit Card Debt

Why Is Georgetown Funding Being Called A Debt Consolidation Scam?
Georgetown Funding personal finance and debt consolidation appear to be a long running bait and switch scam. They are offering consumers a low interest rate of 3.1% APR but then switching them to a more expensive debt relief program.
A Review of Georgetown Funding by Best 2020 Reviews shows that this organization, with over 75 web sites, has been flooding the market with debt consolidation and credit card relief offers. The problem is that the terms and conditions are at the very least confusing, and possibly even suspect.
The interest rates are so low that you would have to have near-perfect credit to be approved for one of their offers. Best 2020 Reviews believes Georgetown Funding Is Not Legit, They are also following companies like Credit 9, Titan Consulting Group and others.
On average, credit card debt in the U.S. is more than $8,000 per person. And keep in mind, that this is only an average estimation. Many people owe a lot more.
Considering the American lifestyle – one that is riddled with various forms of debts, such as student loans, auto loans, and mortgages, this debt ends up to be a tricky burden for many.,
However, with some motivation and following the right strategy, you can get rid of credit card debt. Here are those tips.
1. Collect All Your Information
There are various methods available to escape credit card debt. In case you have more than one credit card, for starters, arrange your finances and in the future avoid taking out a loan.
Gather each card’s details and add it to a spreadsheet by noting down interest rates, due dates, credit card balances, and minimum payments.
And most important: make sure to avoid debt consolidation scams that tease you with low rates.
2. Review Spending
If you have plenty of expenses, it can be tricky to handle it all. While stuff such as utility bills, housing, food, insurance, and vehicle costs are a necessity, you can always cut on luxurious spending. Based on your debt, you can even consider moving to a cheaper apartment or purchase a more affordable car.
For utilities, reach out to your cable and internet providers and ask them if there are any deals or discounts. These permanent fixes can reduce your expenses, which can go towards your debt repayments.
Take a peek at your bank account and credit card bills and determine where it is spent. How much money is being spent on monthly subscription services, like Netflix or Amazon Prime? What about the monthly spending on restaurants? Perhaps, you eat out too frequently, which is neither good for your finances nor health.
Make sure you conduct an in-depth review. However, make sure that you can reserve some of the money for fun and creation.
Also, check your electronic, make up, and clothing expenses – perhaps you are spending too much money on these.
3. Create a Budget
After you know where your money goes, the next course of action is to create a budget. List down all the essential expenses, such as utility bills, student loans, rent, mortgage, and groceries. Now, calculate your monthly earnings. Freelancers or people who don’t have a fixed income can use an average.
Next, subtract your essential expenses from your salary. The remaining amount can be used for paying your debt every month. Depending upon your preferences, you can always make room for non-essential purchases, such as entertainment, gifts, and eating out. Still, do remember that excessive spending can cause you to pay for more years than you expected.
4. Negotiate for Lower Rates
Many people are unaware that negotiations with the lender can be quite effective. Whether you are talking with a bank or a credit card company, call them and request them to reduce their interest rate. When a customer has positive financial history, authorities are likely to be flexible with them and accept their demands.
5. Don’t Pay Minimum
Usually, debtors only make minimum payments, which can be around 2% of the balance from the last month. Paying only the minimum amount means that all of your payments are going to the interest payments – the principal amount remain the same. Hence, you should start paying more money, which can cut down your principal loan amount.
So, how much should you pay? Just pay more than the minimum amount, based on your salary and make sure you are consistent.
6. Find a Side Hustle
In today’s world, a single stream of revenue is not enough as monthly expenses use up most of the money. If you are in a similar dilemma and want to get out of credit card debt ASAP, then find a side hustle that is ideal for you. This income can be then used for paying off your debt, which can prove to be effective in paying down the principal amount faster. So, how do create this new revenue stream? During COVID-19, many people have gone online, which means that freelancing is a good bet. You can create websites, sell products on e-commerce stores, or design logos – the possibilities are endless.
7. Work With the Avalanche Method
This method is used as an alternative to debt consolidation and to get rid of credit card debt using an interesting strategy. What you do is that you make minimum payments for all your cards. Next, you single out the card with the biggest interest rate, where you can use the extra money.
When you deal with the credit card that has the highest interest rate, it reduces your total interest payments. As soon as you pay it off, move to the card that has the second-highest interest rate. Similarly, repeat the cycle until you are debt free. According to many debtors, this method is the best one for getting rid of debt in a short period of time.
8. Utilize the Snowball Method
In case the avalanche method appears too complex, there is another strategy to get rid of your debt. In the snowball method, you list down all your debts and start repaying the smallest ones first. Here, there is no consideration of the interest rate.
This method is beneficial because it lets you achieve individual goals sooner and you feel accomplished, gaining crucial momentum.
Prioritizing the smallest card lets you experience how exciting it is to pay off a card, which then motivates you to work harder on the bigger debts.
Business
The Ultimate Guide to the Essential Social Skills in Business

Effective communication and strong relationships are essential for success in the workplace. One factor that can greatly influence these qualities is emotional intelligence, often abbreviated as EQ. EQ refers to the ability to identify, understand, and manage one’s own emotions, as well as the emotions of others. Research has shown that individuals with high levels of EQ are better equipped to handle stress, communicate effectively, and work collaboratively with others (Chamorro-Premuzic & Sanger, 2016).
Research has consistently shown that emotional intelligence (EQ) is an important predictor of job performance and success in the workplace. EQ is comprised of a set of skills that allow individuals to recognize, understand, and regulate their own emotions, as well as the emotions of others. In addition, individuals with high EQ are better able to communicate effectively, build relationships, and navigate complex social situations. As a result, they are often viewed as effective leaders and collaborators, and are more likely to achieve their personal and professional goals.
In fact, a number of studies have demonstrated the significant impact that EQ has on job performance and success. For example, one study of 85 upper-level managers found that those with higher EQ scores were rated as more effective leaders by their subordinates (Law, Wong, & Song, 2004). Another study of 151 employees found that those with higher EQ were more likely to be promoted within their organization over a five-year period (Carmeli, Brueller, & Dutton, 2009). These findings highlight the importance of EQ in the workplace and suggest that developing these skills can lead to significant benefits for both individuals and organizations.
According to a study conducted by TalentSmart, a leading provider of EQ assessments, EQ is responsible for 58% of success in all job types (Bradberry & Greaves, 2009). In contrast, IQ only accounts for about 4% of success in the workplace. This suggests that EQ is a crucial skill set for individuals in any professional field. Fortunately, EQ is a skill that can be developed and honed over time with practice and awareness.
There are several key components of EQ that are particularly important for success in the workplace. These include:
Self-Regulation: This refers to your capacity to recognize and control your emotions. Sometimes treating them when they arise may be necessary. Understanding how to manage your anger is essential. However, it can also cover how to control the feelings you’ll experience.
Self-Awareness: This implies recognizing and understanding your own feelings. Do noisy places make you nervous? Do other people talking over you make you angry? Knowing these truths about yourself shows that you are working on your self-awareness. Being conscious of yourself is necessary for this phase, which can be more complex than it sounds.
Socialization: This category focuses on your capacity to manage social interactions and direct relationships. It doesn’t entail dominating others but knowing how to work with others to achieve your goals. This could entail presenting your ideas to coworkers, leading a team, or resolving a personal disagreement.
Motivation: Strong motivators include external forces like money, status, or suffering. Internal motivation, however, plays a significant role in Goleman’s concept. By doing so, you demonstrate your ability to control your cause and initiate or continue initiatives of your own volition rather than in response to external demands.
Empathy: It’s equally critical to be sensitive to others’ feelings. This may entail learning to identify different emotional states in individuals — for example, can you tell the difference between someone at ease and someone anxious? — but it also requires comprehension of how other people may react to their current situation. Empathy is one of the essential traits in business and business leadership.
A thought leader in this space, Michael Ventura has built a career advising organizations on the importance of emotional intelligence in the workplace. In his book, Applied Empathy, Ventura highlights the value of empathy in business and provides strategies for developing and applying this skill set. With two decades of experience as a leader, facilitator, and educator, Ventura’s work has made impact in with prestigious institutions such as Princeton University and the United Nations as well as corporate clients such as Google and Nike.
Through his work, Ventura advises leaders to focus on the development of EQ in order to help individuals improve their communication, collaboration, and leadership skills, ultimately leading to greater success in the workplace. Experts like Ventura continue to support the growing body of research on the value of EQ in business, and the evidence that organizations who invest in the EQ of their teams help to create a more empathetic and successful professional environment.
And it’s worth noting that EQ isn’t just important for individual success in the workplace, but also for overall organizational success. A study by the Center for Creative Leadership found that EQ was a better predictor of success than IQ or technical skills in the workplace, and that teams with higher levels of EQ tend to be more effective and productive (Boyatzis, Goleman, & Rhee, 1999). By cultivating a culture of empathy and emotional intelligence, organizations can improve their overall performance and create a more positive work environment for their employees.
In conclusion, emotional intelligence is a crucial component of success in the workplace, and individuals and organizations alike should prioritize the development of these skills. The ones that do not only develop a leading edge in their category, but also become a meaningful place to work for their teams. And in today’s rapidly changing talent landscape, the retention of highly capable, emotionally intelligent leaders is one of the greatest keys to unlocking success.
References:
Boyatzis, R. E., Goleman, D., & Rhee, K. S. (1999). Clustering competence in emotional intelligence: Insights from the emotional competence inventory (ECI). In R. Bar-On & J. D. A. Parker (Eds.), Handbook of emotional intelligence (pp. 343-362). Jossey-Bass.
Bradberry, T., & Greaves, J. (2009). Emotional intelligence 2.0. TalentSmart.
Chamorro-Premuzic, T., & Sanger, M. N. (2016). Does employee happiness matter? Journal of Organizational Effectiveness: People and Performance, 3(2), 168-191.
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