2006-12-28 15:42:48 · 8 answers · asked by Cuttie 1 in Business & Finance ➔ Credit
This question deserves a 100 points!!! LOL.
I wonder. Just when you think you are there, something happens. Make double or triple payments on credit cards until paid off. Self discipline! No new car! Shop with cash only.
Good luck!
2006-12-28 16:14:57 · answer #1 · answered by skooter 4 · 1⤊ 0⤋
1) Budget all of your monthly expenses. When you find you have "extra" money, put it towards your current debts.
2) Pay more than the minimum on all debts, with the most going to the debt with the highest interest rate.
3) When you pay something off, take the money you were paying towards it, and increase the amount paid to the debt with the next highest interest rate.
4) Pay cash when you can. Get rid of as many credit cards as possible (maybe keep one with a low credit limit for emergencies).
5) If you can't pay for something without using a credit card, wait until you have the cash for it. You probably don't need it immediately anyway.
6) Consolidate your debts when you can. You can usually do this through a loan company for a lower interest rate.
7) If you own a home, take out an equity loan. Same as #6, you're likely to get a lower interest rate that way.
2006-12-28 23:55:20 · answer #2 · answered by tnalicea 2 · 0⤊ 0⤋
When you make those credit card payments, be sure you pay three times the minimum payment, at least. More, if at all possible.
If you pay only the minimum, you never will get out of debt.
2006-12-28 23:52:33 · answer #3 · answered by kiwi 7 · 0⤊ 0⤋
Yes cut down your expenditure and secondly try to earn more money. I would recommend you to check the website below where various money making programs have been reviewed. This site was helpful to assist me in making more money.
All the best to you. Have a look at the site below , I am sure you’ll debt free.
http://www.money-review-site.com
2006-12-29 00:31:40 · answer #4 · answered by Rosie 2 · 0⤊ 1⤋
yes...if u have debts consolidate and become debt free in some time:
Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html
2006-12-29 08:41:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yeah pay off all your debt or file bankruptcy, you still can do it as long as you dont make to much money $43,000 plus.
2006-12-28 23:46:08 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Yes, pay off any credit card bills that you might have and cut up your credit cards, they are nothing but bad news!
2006-12-28 23:44:54 · answer #7 · answered by Jen 5 · 0⤊ 0⤋
It sure doesn't seem like it. If you find the answer, I sure would like to know about it.
2006-12-28 23:50:12 · answer #8 · answered by Sweetharttt 7 · 0⤊ 0⤋