As we make our way through life, we don’t even realize what we’re doing, or can do. Ama does it for us and we don’t have to stop.
You may not know the exact meaning behind the word ama, but you can probably guess what it is. Ama means “I’ve seen it all before.” While you may think you’re about to make a ton of money with your next big investment, you are actually just helping someone else out. By letting someone else do the leg work on your first loan, you are in fact taking a risk.
As a finance student, this sounds like complete BS, but many people think they can “get rich quick” by taking out loans. After all, you need to prove that you are well-informed enough to understand the concept of “getting rich quick.” Well, you need to prove that you understand the concept of “getting rich quick” before you sign on the dotted line.
For most people, debt is not “not knowing what to do” but “not knowing what to do” right? But when you’re taking out a loan, you’re not really helping anyone. You are just in effect taking out the most common type of debt you can find, which is a financial obligation that is usually based on your credit history. In other words, you are not helping anyone out, you are just taking out a loan.
Well, that sums up my story for the day. I went to the bank, and I got a loan. I then went home with my first paycheck. When I was done, I went back to the bank and got another loan. I then went back to the bank and got a third loan. And so on.
The process is called “debt consolidation” and is essentially just like a payday loan, except that instead of you taking out a loan, you take out multiple loans at the same time. While this sounds like an easy way to get money and not worry about paying it back, it’s actually incredibly dangerous and usually comes with high interest rates, which in the end can be a big turnoff for many people.
So why is this an issue? Because you are essentially borrowing money and spending it in the very same place at the same time. And without the proper credit score to back up the loan, it’s very easy for a lender to decide that your total “debt” doesn’t look too bad and they’re taking a payday loan on you.
The problem is that if someone gets into trouble, they go to a bank. If they get into trouble, they will go to a lender. But the lender can’t help them without the right credit score. In fact, the federal government is in the business of issuing all sorts of credit scores. If you can’t get your credit score updated, you can’t get loans.
If you are the borrower, you can appeal to the lender to help you. What you dont need to do is lose your home to the lender because you cant get a loan. If your home is foreclosed, you can use the “home as security” clause to get your home back. Even if you are the borrower, there are plenty of things that you can do to get your loan approved.
As it turns out, there are a number of federal programs that help people get loans. These include the National Flood Insurance Program, which covers flood damage and helps people rebuild their homes, as well as the Federal Housing Administration’s Home Improvement Program, which offers low monthly mortgages to those who need them. As I’ve written before, the primary goal of the federal government is to help people get the money they need to live.
