Posted on
September 28, 2009
at
4:27 am
let's play a game called - how many tips can we come up with for getting rid of debt? you can either give a list or a single tip, I'll start:Get rid of your multiple credit cards. Keep just one or two and faithfully pay your bills on time.
Posted on
September 28, 2009
at
4:34 am
tips for getting rid of debt - Get rid of your multiple credit cards. Keep just one or two and faithfully pay your bills on time.I agree with that but wouldn't closing the other accounts reduce the credit score?Anyway, cut your spending and don't add to your debt anymore, until you're able to clear them. Change your spending and consumption habits.
ck Rep Points:
Posted on
September 28, 2009
at
4:37 am
tips for getting rid of debt:Find ways to earn extra money: take on another job or utilize your skills and make money from them.Learn how to build an emergency fund. This is so that you won't find yourself borrowing money from others when the need arise.
Posted on
September 28, 2009
at
4:39 am
Tips for getting rid of debt:Pay on time. Avoid penalty fees and other extra charges caused by the delayed payment.Make a budget, and stick to it.Reuse and recycle.
Posted on
September 28, 2009
at
4:47 am
Tips for getting rid of debt:If your car is too expensive to maintain, have it exchanged or sold for a cheaper one.If your apartment or the place that you live in is too expensive, move.
Posted on
September 28, 2009
at
4:51 am
Tips for getting rid of debt:Find out how many types of debt you have, if it's just secured or unsecured.Then undergo an initial consultation on financial websites such as destroydebt.com. If you fill out a form a customer representative will contact you soon after and give you counseling. Feel free to ask your questions.
Posted on
September 28, 2009
at
5:16 am
Just to add to Do not add up or accumulate more debt:Don't use your credit card to make it to the next paycheck.Don't pay your credit card bills using your emergency fund/account.Avoid eating out or spending for entertainment. Watch your spending tendencies and change the bad/excessive habits.
Posted on
September 28, 2009
at
5:18 am
Tips for getting rid of debt:There are several ways to get rid of debt, depending on your debt type. If it's unsecured, you have - balance transfer, credit counseling, and debt settlement as your option.If it's secured, you have debt consolidation loan and bankruptcy - although you should really speak with a financial expert first, before doing those, as they could make matters worse for you.
Posted on
September 28, 2009
at
5:23 am
Pay more than the minimumAllot all your extra money to paying the debt offWhen doing a balance transfer, make sure that the fee is not higher than the interest you would save.
Posted on
September 28, 2009
at
5:26 am
Think of spending or charging on your card this way: it's money that you don't have. So don't spend it.
