Posted on
September 29, 2009
at
12:13 pm
Because I just bought my first home, I am entitled to recieve $8000 tax credit. I am looking for some help as to where to put the more in my various debts to best help me get out of debt for good. My debts are these:$5000 credit card 1 - 3.5%$1500 credit card 2 - 11%$2500 credit card 3 - 0% interest for 9 more months, than jacked up to all bloody hell$17,000 college loans - 2.5%I am thinking of getting wiping on credit card one and two, and then putting a healthy chunk in to credit card 3 to make the monthly payments lower in order to pay it off before the APR kicks in.I would love to hear your advice.
Posted on
November 16, 2009
at
5:20 am
Hi I see that your credit card debt amounts to $9,000 -- if you're interested in enrolling in a debt management plan (credit counseling), you would qualify. What it can do for you is attempt to reduce your interest rates so you can get at your principle debt amount much faster.You can can avail of destroydebt.com's initial debt consultation, just fill out a form.
Posted on
February 12, 2010
at
4:22 am
You can also try debt settlement wherein you can get rid of the debt once and for all. A debt settlement program aims to cut your balance to more or less half - an enrollmentin that program also lowers your monthly payment - settlement companies charge15% of your total debt amount (spread over 18 months) or 20-25% of the settlement amount.
Posted on
February 12, 2010
at
4:24 am
Advice on paying off debts - the consumer can also do a debt reduction/debt eliminationd.i.y. - there are two ways to do that 1) undergo credit counseling (but don't avail of the DMP) & then ask the creditors for their hardship program 2) do a balance transfer.
Posted on
February 12, 2010
at
4:45 am
Advice on paying off debts - pay more than the minimum each month; make a system forreducing your credit card balances.
Posted on
February 12, 2010
at
5:07 am
Advice on paying off debts - it's really a combination of getting a "discount" on ur balance orinterest rate & having extra income as well - be disciplined & determined about it for3-5 years ...
