Posted on
September 29, 2009
at
4:03 am
Hello destroydebt people, can you list down the top ways to get out of debt? Thanks!
Posted on
September 29, 2009
at
5:04 am
Top ways to get out of debt? - here are some ways to pay down credit card debts:Reduce your costs and increase your income each month.And then choose either your highest interest rate or lowest balance credit card bill and pay the highest amount.Pay the minimum balances on all your other cards. Do make sure all payments are made on time to avoid the penalties. Once a card is paid in full, apply the full amount you have been paying from that bill to the next card on your list and continue moving on until your balances are eliminated.
Posted on
September 29, 2009
at
5:16 am
Top ways to get out of debt - Seek professional help.You can either do credit counseling (Debt Management Plan) or Debt settlement. For unsecured debts. For your secured debts, you need to have your payment terms or contracts negotiated.
Posted on
September 29, 2009
at
5:19 am
Top ways to get out of debt- try the government sponsored bankruptcy programs. Individual filers can choose between a Chapter 7 liquidation bankruptcy or Chapter 13 repayment/reorganization bankruptcy.You may need a bankruptcy attorney for this.
Posted on
September 29, 2009
at
5:34 am
Top ways to get out of debt- borrow from your home equity? Although that's not really recommended if the chances of you not paying it back on time are big.
