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28 March 2024

Personal Finance: Creditors reaction key

Theda Muller

Published
By Theda Muller

One of the toughest moments in a debtor’s life apart from finding yourself in a debt-crisis is to be informed that your credit cards are blocked.

Debtors give it their utmost to pay at least one credit card up to date so they can continue purchasing goods and ignore the perils that lie ahead.

It is time to close the door, time to initiate your own personal ‘Debt Elimination Day’. And the most effective way I know is to cut the cads in half, place them in a small metal lid and watch them burn and dissolve. The outcome of this process is that as they burn you will feel a form of relief, that ‘something you attached yourself to, something your life depended on is now detached from you forever.

I call this process ‘Your Credit Card Elimination Day.’

Don’t attempt to apply for replacement cards as much as you may have a burning temptation to do so. If you do so you will find yourself in a vicious circle that will engulf your being where the task will be extremely tedious to recoup.

Debt isn't just a financial issue, it simply seeps into all elements of your life that later goes out of your control and will require tremendous self-discipline to transform and effectively manage. So in the early stages of being faced with the signs of an upcoming debt-crisis, learn to control what you can now, not tomorrow or later. Depleting your last credit card of the small available credit just because you can, results in double or triple late payment and over-limit fees where the outcome of your total amount due is staggering to anyone who is oblivious of the extremely high credit card rates which is far from a joke, or reality.

When you follow this practice of your ‘Celebration Day’ to burn and eliminate your credit cards, then you are sending out a message to the Universe, ‘No more of this, remove this from my life, I don’t need it, I am responsible and I am now seeking huge change and reform in my life’.

So then, that is what you will receive in return, without a doubt as the Law of Attraction is on track each time, without fail. You attract what you are asking for and if you are asking for more debt, then that is what you will receive. If you are refraining and looking to a brighter debt-free lifestyle and situation, then that will be given to you, in its own time, but it will come.

Here I am talking of experience because every action we take or thought we have daily has the power to either change your life or situation, or worsen it. Words, thoughts and actions have immeasurable power, more than we imagine and you can test it for yourself and see the outcome.

When you say ‘this credit card situation is not good for me, I am worth more, I am now taking responsibility to be debt free so, I am seeking ways and means to generate an extra income; or give me more effective money management methods so I can become debt-free and self-sufficient, no longer depending on credit to sustain myself’… then what you are saying is ‘I embrace this new change in my life, position me to become debt-free and show me that I am worthy of this new debt-free life and I have the willpower to overcome this bad situation as it does not serve me and my life at all’.

So what you will get is more of the positive, more of the good stuff, maybe an increased pay at work, or a promotion, or new business offers because you don’t know how quickly situations can change for you, it can happen in 24 hours, too.  I know, it happened to me so I am sharing the power of changing your emotions to serve your life in the best possible way.

You may say to me ‘I don’t believe just by thinking or acting differently that things can change for me that quickly or that drastically.’ I am saying to you, give it a try, what do you have to lose? Absolutely zero and if you want those changes then you are the only person who can apply them, as they are unique for you, for your situation, needs and wants. Nobody else is going to do it for you and it is high time you took the call of realization.

So start with this burning celebration. It is a good way to release much of that debt resistance that has engulfed your being, including the fear of actually facing a real debt-crisis. Let me stress that now is the time, like no other and there are free tools out there to help you progress and live a debt-free and balanced enjoyable life that you deserve.

We all deserve happiness, joy, love, prosperity, fulfillment and success and we can all have it as we wish, in immeasurable amounts, but it is up to us because one key aspect you must realise is that there is enough for everyone, there are no limits to what we can be, have or do and only we withhold the gifts that is there waiting for us.

Am I in my own fallacy world? Definitely not! These are true shifts of paradigm that the world has experienced since the global financial downturn. Test it for yourself, go to any social media site and see the shifts in what the gurus of the world are posting currently, no more hard core selling of services, products, consulting, seminars, workshops or similar. It is all down to emotions, being grateful and thankful, appreciative of everything, treating yourself, focussing on your wellbeing, transforming your life into a more positive situation by applying good thoughts, words and actions and here lies the depth of the secret of what many are seeking today.

So practicing this burning celebration means you are emotionally setting yourself free from ever using them again, you are sending a message that you don’t need them and in doing so, you are releasing anxiety, pressure, stress and all the fear we live with when we find ourselves facing an upcoming debt-crisis.

Debt-recovery is a long road for most, but it is a road you should learn and master the skill of perseverance, living within your means, going without the luxuries you have always afforded yourself with money you never had or never earned yet, scaling down and taking the embarrassment and humiliation, learning to reach out and make new friends and associates that value you as a person, not for what you have and can give and simply being happy, grateful and thankful each day that you took the right path of transformation for you, your family and loved ones. At the end of the day, you are the key; you are important, precious and deserve the very best for you, then the next.

You cannot serve yourself or anyone else if you are not a transformed person. Love yourself and be happy in your space and progress because you know that you are going places because you sacrificed the time and effort.


[Note 1:  Theda Muller is a UAE-based author of two books: Embrace Financial Freedom Volume One: 10 Proven Ways To Release Debt And Emotional Fears In Today’s Economy, and Volume Two: Releasing Fear And Bouncing Back From A Debt Crisis.
She also conducts webinars and workshops on debt recovery.]

[Note 2: The views expressed are the author’s own and do not reflect in any way, the views of Emirates 24|7. Readers are advised to carry out their own due diligence before taking any decision.]