Most people do not have at least 6 month´s worth of living expenses site aside for an emergency, and at the first sign of financial hardship might think about filling for personal bankrupcy.

Filling for bankrupcy is something that will be part of  your credit history for up to 10 years, and will impact your life for many years.

It will be hard to get any kind of a loan after you file for bankrupcy, and something as simple as can be complicated.  Having said this you can see why it is so important to avoid personal bankrupcy.

Tips for avoiding personal bankrupcy

Follow a Budget – One way of avoiding financial hardship is to set and follow budget.  Start by keeping tabs on your expenses and income, making  sure you live within your means.   You should also set aside about six months worth of living expenses in the even you should loose your job.

Debt consolidation – If you have many debts, and are making many large monthly payments to different creditors, than you should consider debt consolidating.  By doing this you will lower your monthly payment, which could allow you to avoid filling for personal bankrupcy.

Settle with creditors – Try to come to an agreement for some type of partial repayment with your creditors.

Raise cash – O good way to avoid personal bankrupcy is raise cash by selling items.  Most people have stuff around the house they they no longer need or use.  If sold on eBay or Craigslist you could probably raise a few thousand dollars.

Extra income – Another possible solution to avoid personal bankrupcy is to earn extra income.  You can increase your monthly take home pay with a part-time job or doing odd jobs.

When to avoid filling for personal bankrupcy

Generally speaking you should always avoid filling for personal bankrupcy, but there might be circumstances in which it is even more important to do so:

• Not all States offer debtors the same protection
• If you are on upper income brakets the court can order that a percentage of your salary be used to pay off your debt
• If you have lots of assets including a home with lots of equity and the States you live doesn´t ptotect your home

Why the rewords programs?

According to some credit card experts, credit card companies have figured out that consumers are more loyal to cards that have reword programs than those without.  On average a customer will hold on to a rewords card about 40% longer than a card without a rewords program attached.

The increased consumer loyalty is very significant, especially if you consider that the cost of acquiring new customers averages about $150.

To prove the popularity of rewords cards, about 2 in 3 consumers now hold at least one reward card, compared to an average of 1 in 6 just 4 years ago.

Cash back cards are the way to go

For most people out there, cash back reword credit cards are the best option.  The reason being is that most people don´t spend enough to take advantage of the airline ticket rewords or even those cards that let you accumulate credit towards the purchase of a new car.

Most credit cards will pay you back about 1% to 5% of your purchases (gas, food and clothing just to give a few examples) with a yearly limit.    For most people the limit is not a problem, since it is very hard for the average consumer to spend enough money to go over those limits.

In the future we will be reviewing some of the best best rewords cards on the market.

Do you get a credit card reword offer in the mail every day?  Most of the time you get the same reword offers over and over again?  Why does this happen?  Is there a secret behind these?

Instead of accepting these credit card offers, use a credit card offer comparison site instead.  These sites are not affiliated with any one credit card company, so there is a much better chance that you are getting unbiased information.  Most of these sites provide feature comparisons between major credit cards so that you can chose the right card for you.  You can narrow your credit card choice to a few cards and then do side-by-side comparisons of everything from interest rates, annual fees, late fees, rewords programs, grace periods and so on.

Choosing the right card is a dificult task.  Every person has different needs, and the right card for one person might not be the right card for the next one.  Don´t just accept any credit card offer you get in the mail, make sure its the card that benefits you most.

You can also read about different rewords programs.

How does the My Coke Rewords program work?  You simply go to MyCokeRewords.com and signs up.  After you sign up, you need to enter the codes from Coca Cola bottle caps, from the flaps, or in the shrink-wrap of many Coca-Cola products.  After you put in your codes, you search My Coke Rewords list of prizes, and redeem your points for prizes.

Sounds simple buy My Coke Rewords has a limit of 10 codes you can submit per day since you are only able to enter a minimum of 30 points to and a maximum of 100 points. My Coke Rewords does this in order to control the speed at which prizes are redeemed.

As far as the prizes, they range from a Game Piece for 3 points, to a case of Coke for 100 points, to a  Coca-Cola Westinghouse Cooler worth 18000 points. Some of the prizes are almost worthless, some are quite nice, while others are just ridiculous! People are stockpiling the codes and hoping to attain the ultimate prizes, but are they attainable? If you do some math, and assumed you signed up on January 2007, and the promo ends December 31, 2007, it gives you 1 year to save up points.  So if you drink 16.5 bottles of coke a day for one year and enter the codes from each drink, then even if you enter the codes every day, assuming you can actually drink that much Coke, then on December 31, you will have a total of just over 18000 points. Now you can redeem that for the big prize.

The My Coke Rewords program was launched in 1996 and later that year had already seen redeemed over one million prizes. The original rewords program was suppose to end in December of 2007, but has been extended until at least 2009.

The program does not allow more than ten entries per day.

You can buy My Coke Rewords on eBay for only a few cents:

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