Navigating Legal Jargon: How AI Legalese Decoder Can Ease the Burden After Redundancy with a Large Mortgage and Dependents
- December 2, 2023
- Posted by: legaleseblogger
- Category: Related News
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Heading: AI Legalese Decoder: A Solution for Stressful Financial Situations
I am feeling overwhelmed and stressed right now. After recently refinancing my mortgage, I am now paying $740 a week. My background spans over 20 years in video production, graphic design, and photography. Despite my expertise in these creative fields, I am unsure how to navigate my current financial situation.
With the AI Legalese Decoder, I can input my legal documents and contracts to quickly and accurately understand the terms and conditions. This can help me in determining if there are any clauses that could potentially aid in reducing my mortgage payments. Additionally, having a clear understanding of the legal jargon and potential options available to me can provide much-needed peace of mind during this stressful time. The AI Legalese Decoder can help break down complex legal language and empower me to make informed decisions regarding my mortgage and overall financial well-being. By utilizing this tool, I can alleviate my stress and confidently take steps towards managing my financial responsibilities.
Speed-Dial AI Lawyer (470) 835 3425 FREE
FREE Legal Document translation
Try Free Now: Legalese tool without registration
Original: AI Legalese Decoder is a tool designed to simplify and translate complex legal jargon into plain language. It can help individuals, businesses, and legal professionals better understand contracts, agreements, and other legal documents.
AI Legalese Decoder can save time and money by removing the need to hire expensive lawyers or spend hours deciphering legal language. It can also reduce the risk of misunderstandings or mistakes due to misinterpretation of legal terms.
Using AI Legalese Decoder can provide peace of mind and confidence when dealing with legal documents, ensuring that all parties involved have a clear understanding of their rights and obligations.
Rewritten Content:
AI Legalese Decoder: Simplifying Legal Jargon for Better Understanding
AI Legalese Decoder is an innovative tool specifically designed to simplify and translate complex legal jargon into plain and understandable language for everyone. This powerful tool can help individuals, businesses, and legal professionals by providing a clear and concise translation of contracts, agreements, and other legal documents, thus making it easier for everyone to comprehend the legal language and its implications.
One of the key benefits of using AI Legalese Decoder is that it helps in saving time and money by eliminating the need to hire expensive lawyers or spending countless hours deciphering legal language. This means that individuals and businesses can focus their resources on other important matters without the added stress of understanding complex legal terms. Additionally, the tool can help in reducing the risk of misunderstandings or mistakes due to misinterpretation of legal terms, thereby ensuring that all parties involved have a clear understanding of their rights and obligations.
Furthermore, AI Legalese Decoder provides peace of mind and confidence when dealing with legal documents, ensuring that all parties involved are fully aware of the legal language and its implications. This can help in fostering better and more transparent business relationships and agreements, leading to a smoother and more efficient legal process.
In essence, AI Legalese Decoder is an invaluable tool that can help in simplifying legal jargon and making it accessible to everyone, thereby improving the overall understanding and interpretation of legal documents. Whether you are an individual, a business, or a legal professional, this tool can be a game-changer in simplifying the complexities of legal language and ensuring clarity and understanding for all parties involved.
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****** just grabbed a
Apply for jobs, dont waste time.
Talk to your bank regarding paying interest only if you dont have savings.
Your full time job is to find a job.,..
IÔÇÖm a TV producer. DM me if you want. I donÔÇÖt hire local very often but I know people who do.
Talk to the bank ASAP. These are exceptional circumstances, and they will have mortgage holidays or other options to support you. Is your partner taking care of the baby, or are you also paying for child care?
Sign up to freelance places like [https://www.unicornfactory.nz/freelance-directory](https://www.unicornfactory.nz/freelance-directory) and potentially even advertise in your local community groups – as people will often want photographers/Videographers for events such as birthday parties, celebrations etc… Could be a way to get some quick $$.
Sign up for other temporary work options, depending on where you are – some entry level jobs e.g unqualified ECE reliever are in hot demand at the moment, which can provide at least some income to help you until you find something you’re better suited to (and may also give you contacts for other work).
I’m sorry to hear about it mate, do you have any emergency savings that could keep you going for a while?
Would you be able to consider a shift in career? There’s probably still plenty of jobs available to hard working people that are not picky about the setup.
Call the bank. Honestly, they have solutions for people in your exact situation.
FYI I had to go to an interest only loan with BNZ about 3 years ago, and it was a straight forwards process, didn’t need to redo my loans or break them. They just went to interest only for 6 months, then reverted back to the same payment schedule to prior. BNZ were very helpful and understanding when I called them up, and it was done very quickly.
Hey mate, That is a rough situation, and Im sorry you have to go through it.
You should call your bank right now. They will be able to offer you financial hardship assistance. Do not wait until you miss payments. The sooner, the better, and it leaves more options on the table for you. Best of luck
If you are planning to sell and move out, you can also spend some of your time (and a little bit of money) making your home look better.
Even some gardening work, a little paint, and fixing small things that were broken might get you a better offer and pay for the time you invested.
I also feel that manual work (such as painting and cleaning) helps take my mind off the problems a bit and avoid overstressing.
Good luck, mate! This can happen to anyone. Don’t let it take you down.
Take a look at signing up to The Creative Store. I hire a lot of free lance creatives through them
Step 1 – find employment asap, it wonÔÇÖt be what you want but itÔÇÖs what you and your family need.
Step 2 – talk to the bank and see if they can help you out.
Step 3 – while working , look to see if your area of expertise has any other jobs going – this may take time
Keep that cash flow coming through so you donÔÇÖt fall behind or atleast fall too far behind. Look into the possibility of using KiwiSaver to help
Really donÔÇÖt want to make light of your situation, but please donÔÇÖt panic.
As a starting point, you can make $40,000 after tax on minimum wage. And you can walk into a minimum wage job without trying. And the ACC must be $35,000 or so? So your household income can easily be $75,000. Annual interest costs are around $30-35,000, so youÔÇÖve actually got a nice buffer once you can bring some money online.
As others have said, shift to interest only on your loan for the short to medium term. And just find a temporary job while youÔÇÖre looking for something within your profession.
TL;DR
1. DonÔÇÖt panic.
2. Switch to interest only.
3. Find a temporary job to maintain cash flow short term.
Been there twice in the last few years. I feel your pain buddy.
ItÔÇÖs shit.
Pretty much every hotel in the land is hiring. It’s shift work so you will always have part of the day free for interviews.
At this stage you just need income whilst you are finding your next career step.
My friend moved to the USA and he is avideo editor. He said that there is haggis of work for him there. Could you offer your services online to a big usa company. With the internet it might be not a big problem. Also the time difference might work on your advantage ?
Just an idea. Good luck.
If you cannot make your mortgage payments you will be eligible for a KiwiSaver Hardship withdrawal .
You will need a budget , 0800 345-123 Money talks will put you in contact with a budget adviser .
In the meantime be brutal and cut everything you can , subscription wise. ItÔÇÖs only temporary , but the object is to save your house . I donÔÇÖt recommend a mortgage ÔÇ£ holiday ÔÇ£ as the interest still accrues.
See if some of it can go interest only and keep paying P&I on the balance .
Can you land a gig at a video production company, maybe send a reel?
You are better to let your bank know now rather than later and then hustle as much work as you can. Better letting the bank know than the bank letting you know.
Not a lot have said this. Apply for job seekers benefits! Make sure you have your redundancy documents as proof. TheyÔÇÖre supportive with your circumstances.
On a side note, is this the impact with generative AI/ChatGPT?
Best of luck.
Sometimes doors close for a reason, you just don’t know it at the time. Hang in there.
Traffic Management Companies or retail stores all across NZ are hiring.
You have a child now, you can stress over your situation but only for a little bit.
The mindset should be, shit I lost my job, fucken hell, what the fudge just happened.
Wait, I got a family to feed, such is life, I have to earn money, let me get my CV out there, anything for now, just to make ends meet.
I got made redundant during the recession back in 08 and I sulked for two days and got my ass into gear straight away.
I did door to door, worked at maccas, stop/go paddle work because life just doesnÔÇÖt stop if life treats you in such manner, YOU have to figure it out and I know YOU will, youÔÇÖre built different.
YOU GOT THIS.
Sell house start renting. Fuck it
DonÔÇÖt panic. I got made redundant earlier in the year while 12 weeks pregnant and found an amazing and better paying job within 2 weeks (IÔÇÖm in a creative field). Your mortgage repayments arenÔÇÖt that high and you have a enough savings to get by for 3-4 months if you are careful. Start looking for something new asap, including freelance opportunities. If nothing in your field comes up in the next couple of weeks then broaden the search out to other things.
Pretty sure we have a GD role going at CocaCola jump online and take a gander.
Good luck tough times ahead, hunt hunt hunt for a job, even take a job you don’t want and apply for others, this is what we pay insurances for, make sure to let the bank know of your circumstances
Get a job & earn some money now. It doesn’t have to be your ideal job (eg: do labouring or supermarket work) – but you need to be earning income to cover your mortgage & be supporting you/your family. While you’ve got money coming in you can still be looking for a job that is more inline with your skills/career aspirations.
Sell your house.
Honestly with that skill set, I don’t think it’s hard for you to get a good paying job at all. At least you have a high paying skillset.
Get another job!
Find a new job
Pimp dat sweet ass
Working for yourself only suits some people. Your recommendation of looking for a full time job same are the same as mine (I agreed with the previous comment to apply for jobs and donÔÇÖt waste time) my addition of finding work for themselves potentially provides an immediate income and another (imo better) option. Each to their own of course.
My advice to you is to try investing in the new energy portfolio investment programs that the country is now supporting. Please contact me if you need to know.
Why not rent your place. And move to smaller house bit far
Start a business and work for yourself
Mmm what to do….
Lol thatÔÇÖs not the end of the world! Go and look for another job simple as that! Meanwhile go do some side jobs like staff/hospitality so u can pay the bills and touch your savings as little as possible!