It’s a shock, we know the feeling when your whole world comes crumbling down in a flash, the moment you are presented with your Employment Termination Letter…
Nobody can prepare for this moment, neither do we think it will ever happen to us, where COVID and the dire impact it has had on global economies was never a figment of our imagination, but now, we face a situation way out of our control!
The good advice of the past to be diligent in saving money, to create a nest egg for inevitable events like this, is far removed from the reality you are facing right now and no amount of consolation can remove the Emotional Fear that starts engulfing you the moment you get this bad news!
No amount of speculation about the different scenario’s you try to play in your mind can bring solace in any form, where the only solution is to take action now, not tomorrow or the next day, even if your Termination tenure is 1 or 2 months from now, the key is not to procrastinate and wait for the last minute, because then your situation all-round would have snowballed. You already know that any glimmer of hope to benefit from your ‘End of Service Benefits’, is non-existent, which should tell you that you have no time, but to secure a solution for the foreseeable Debt-Crisis that you may face in the very near future, so act now!
Forget about comparing notes with your Peers facing the same situation, as everyone’s situation is unique, onus to them, where finally you will stand alone to face the situation, so its imperative that you learn this very fast, so stop wasting time speculating and not focussing on your own situation.
You need to understand that we have never faced this form of pandemic in the future, then even your Creditors are at a loss as to the most beneficial Settlement Offer to present to you, because they have not faced mass terminations in the past, where the offered solutions could be just as unique as the situation, where the human factor is key when assessing near future crisis for any individual who has been terminated from their employment. Then considering the impact on the economy of any country individuals are residents, even if it is your home country, such solutions must be carefully reviewed to fit your Creditor’s Policies, whether they are a Bank or other type of Creditor. Everyone exposed to this situation faces the same problems, suffer the same or have the same issues, because the key issue, is no income, therefore you are unable to meet your expenditure and face other dire consequences. Company Owners possibly have the hardest time, because they not only have their own liabilities, but they also responsible for the livelihood of their families and employees, so many individuals are affected, not just one.
If you have sought assistance from your Creditor to no avail, then seek a known Remedial Company with a reputable reputation who have gone the extra mile for Debtor Clients, review their profile, references, testimonials, speak to people until you feel comfortable, even meet with them, the key is to be at ease when you hand your life over to someone else, because its your trust, confidence and assurance that all will be fine for your situation if you commission them to represent you. You do not have money to waste, to pay external Parties who cannot fully assist or support you, if you lose the money you can spare on Service Fees, ensure you make the right choice, because once its lost, you cannot recoup it!
All may not be totally fine as per your expectations, but you will realize the best solution for your situation, remembering much of your Creditors Policy cannot be overruled, however, they will consider the humane side of the Remedial Request and I am sure are currently preparing for this as I am writing this post.
If you don’t take action, nothing will change and as much as being terminated feels like the rug has been pulled out from under you, it has and you need to take a step to make a difference in your own life right now.
In our lifetimes, we will face dire situations sometimes more than once, the secret is to survive and then progress to thrive, where changing your mindset will set you apart from anyone else, refrain from falling into the ‘limiting beliefs negative thought patterns’, because if you continue focussing on your debt situation without taking action, it will eventually grow and finally consume you, then that will become your newest reality.
Being positive, optimistic and taking the plunge to take action is the key to your survival and Debt Recovery.