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Sooner Partners and Old Dominion Associates Lead Those With Credit Card Debt To Make Financial Mistakes




Sooner Partners and Old Dominion Associates personal finance and debt consolidation offers are bait and switch. Sooner Partners and Old Dominion Associates has begun flooding the market with debt consolidation and credit card relief offers in the mail. The problem is that the terms and conditions are at the very least confusing, and possibly even suspect.  The low offers of 3.05% APR are very difficult to qualify for. 

The interest rates are so low that you would have to have near-perfect credit to be approved for one of their offers. Many debt consolidation review sites have been following Sooner Partners & Old Dominion Associates – as well as other companies that are marketing these low interest rates offers.

To prevent these perils and end up in a weak financial predicament, refrain from indulging in any of the following financial missteps.

1. Paying Automatic Bills

If you can setup automatic bill payments, it saves you from late payment surcharge. However, at times, you don’t have any idea about how much money you have in your account. As a result, you face overdraft charges or penalties in response to returned payments.

Experts believe that setting up an automatic payment schedule is a bad idea. By relying on such a schedule, you often fail to check if you have any money left in your account to pay the bills.

Rather than configuring automatic payments, one of the wiser strategies is to set up alerts through which you can pay these bills on time.

2. Failing to Create an Emergency Fund

Unforeseen expenses are always around the corner. You may lose your job in a sudden turn of events or your car might break down unexpectedly during a trip. Without an emergency fund, you have nowhere to go. It offers you much-needed assistance when the going gets tough.

If you and your partner both work jobs, try to save enough money in your account so that you can so that you can survive for three months without a job. Save for six months if you are the sole earner in your home. Even if you find it hard to save, try to accumulate enough money to pay for groceries or repairs.

3. Struggling with Budgeting

Failing to make a budget is one of those financial strategies that can lead you into a financial crisis. Budgeting allows you to pay off debt or reduce it to a significant extent. In this way, you can save money for emergency. Other than keeping you safe in times of need, budgeting provides you with an effective roadmap that allows you to address your financial objectives. By setting a spending target and sticking to it, you can budget better.

4. Deciding Against a Retirement Strategy

Surviving without funds in old age can be harder than you imagine. Young people often decide against retirement savings because they believe that it is too “far away.” However, what they don’t realize is that this extended period can generate them excellent compound interest on their retirement plans.

Some people incorrectly assume that they will not need a lot of money in their retirement. This is an incorrect assessment because the cost of living always rises with time. Moreover, retirement is a phase during which people will want to pursue their passion and hobbies like traveling. Hence, they are going to need money. To save up for your retirement, you can either go for a 401(k) plan or open an individual account.

5. Not Getting Insurance

What will you do if an untimely disaster damages your personal possessions like car or residential property?

Insurance is something where you need to strike a balance and ensure that you are neither investing too much nor spending too little. Ideally, you should cover your primary assets, especially your health. In this way, you can stop a natural disaster form taking the form of a personal financial disaster. Apart from health, get insurance for your vehicle and property where the coverage is enough to pay for catastrophic care in the event of illness or accident.

6. Using Home Equity as an ATM

Many people believe that this practice is among the smartest financial strategy, but it is not! A HELOC (home equity line of credit) allows user to purchase anything at low interest rates. When you miss out on a credit card payment, it merely affects your credit history and rating. Doing the same with HELOC can put your ownership of the house at risk.

7. Overlooking Your Credit Report

Even if you ignore your credit report, a lot of other parties will like to have a look at it. Traditionally, these reports were merely used as part of the eligibility criteria for new debt consolidation loans and credit card relief. Today, they are used in non-credit scenarios like bank accounts, insurance policies, bank accounts, and job applications. As a rule of thumb, check the following information in your credit report:

· Does it have your correct information like name, address, limits, and balances?

· Is there any account that does not belong to you? This can be a sign of identity theft.

· How are you running up balances?

· Have negatives like bankruptcies, collections, charge-offs, and late payments been removed?

8. Paying Late

Even if you do not struggle from any money issues, but end up paying late bills, your credit score can plummet. As a result, your creditors can increase your rates or end your credit line whereas the ones in the future may charge higher rates or reject you. Moreover, late payments can make you pay for additional charges. Since, this is one of those financial mistakes that is easy to get rid of, start paying on time from this moment on.

9. Co-signing Loans

Co-signing a loan can land you in mess. Often, the other person ignores it, which means the burden falls on your shoulders. With late or missed payments, your credit score can take a hit and as soon as it drops down, creditors are certainly going to be ruthless. They will increase interest rates and cut credit lines.

In the best-case scenario, if your co-signer is punctual with all the payments, the card limit or loan balance is still going to be the part of your existing obligations whenever you go for a new loan.

10. Spending More Than You Can Afford

Spending more than you earn is common, yet it is one of the worst financial mistakes. You can avoid this situation by paying with cash or a debit card – one that does not offers overdraft protection with your account.

By making sure that you don’t commit to any of the financial mistakes mentioned above, you will become a lot more efficient with your savings and manage your debts better.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Hassan Chowdhury, An Innovative and Ambitious Young Entrepreneur




Hassan Chowdhury is already building a name for himself in the luxury hospitality and real estate industries despite being only 26 years old. He has accomplished remarkable success in a relatively short time, and as a result, he has firmly established himself as one of the most successful businesspeople in the United States.

Hassan was born in Houston, Texas, and raised there by parents who are both extremely successful businesspeople in their own right. Hassan was motivated to pursue his business dreams by watching his parents run multiple manufacturing plants for make up and make up brands for the past 45 years. This example of success was the driving force behind Hassan’s decision to pursue his entrepreneurial goals. His parents taught him at an early age the values of the necessity of hard work, devotion, and ambition. They took him on travels all around the world as he became older to show him the significance of different cultures and experiences in other parts of the world. Hassan was on one of these travels when he first realized he had a deep interest in hospitality and high-end lifestyles.

He founded his own hospitality company in New York after college. He collaborates with some of the city’s most well-known nightclubs to host events, including Lavo Nightclub and Fleur Room Rooftop. However, the chaos caused by the COVID-19 pandemic in the hospitality business was a direct result of this epidemic. Hassan did not throw up the towel but viewed this as an opportunity to extend his business into the luxury real estate industry. Shortly after establishing Bouge Villas, a prestigious real estate firm with headquarters in Miami, Florida, he began purchasing real estate in the area. He gave each home its one-of-a-kind design and then put them up for rent on a short-term basis.

As the constraints on COVID-19 were loosened, he saw his business go from strength to strength. After that, he broadened his real estate holdings to include homes in other cities, such as the Hamptons in New York, Fort Lauderdale Beach in Florida, Tulum in Mexico, and Cartagena in Colombia. Soon, he will also expand to Nashville, Tennessee, and Dubai, United Arab Emirates. However, Hassan didn’t stop there and continued. In addition, he established his very own Private Members Club, the MetaFly Club, in collaboration with M2Jets to provide customers with access to luxury private flying and additional hospitality advantages. In the middle of 2023, it will be the first Private Jet Company to provide membership denominated in NFT.

The long hours of labor, unwavering commitment, and lofty goals that Hassan put in allowed him to achieve his goals. He has also demonstrated that it is possible to make the most of even the most challenging circumstances so long as one has the appropriate mentality and attitude. His objective is to achieve worldwide renown for providing the highest level of hospitality that is humanly possible to his customers. Hassan is optimistic about the future. He has big ambitions to continue growing Bouge Villas and MetaFly Club while preserving his status as one of the most successful business owners in the United States. Follow @hassanc.official on Instagram to keep up with Hassan’s progress. His story of hard work and determination is sure to serve as inspiration to many aspiring young businesses.

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