Declare Your Independence From Debt!
It was over 50 years ago that our beloved Tuanku Abdul Rahman declared Malaysia’s independence from Britain. This coming 31st of August, declare your own independence, from debt!
Start by making the decision to get out of debt. Read this aloud:
“I, [your name here], declare on this day [today's date], that I will be free from debt. I have the right to pursue freedom from debt and I will exercise that right by taking the steps necessary to eliminate my debt”.
Make it official by printing out the statement and signing your name to it, just like Tuanku Abdul Rahman did with the Declaration of Independence.
Now, to start your war on debt…
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Get a free copy of your credit report. You’ll need it to figure out if you have too much debt and to make a debt reduction plan.
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Examine your debt load. Do you have too much?
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Make a plan to get out of debt. Keep your credit report handy for this step.
Stuck and need help?
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A consumer credit counselor may be able to assist you. We do have Agensi Kaunseling & Pengurusan Kredit (AKPK) to be referred to and it’s Free!
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Before you enroll in a particular credit counseling agency’s program, make sure to get the answers to some key questions.
Harassed by debt collectors?
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You have the right to stop debt collectors from calling you.
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A cease and desist letter will stop debt collectors from contacting you period, via phone or mail.
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Make sure you know your rights when it comes to third-party debt collectors.
Once your debt reduction efforts start paying off, make sure you continue to keep up the good work.
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Stay away from spending habits that lead to debt.
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Continue using your credit cards the right way.
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Avoid bad debt that can lead you back into debt overload.
Happy Independence Day!!!
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