What is the easiest and fastest way to pay off my credit card bills and student loan debt?
2007-01-22 10:04:00 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
NFS is correct but start with the smallest CC first and pay that off as soon as possible always staying current on the others at the minimum payment. Then roll the re. monthly payment to the next and so on and so on. It is Called a Debt snowball.
$10min first when paid then add to the next lowest say a reg $30 you will now send $40 etc. Also the interest on student loans are tax deduction for you on your 1040"s
2007-01-22 10:20:05 · answer #1 · answered by golferwhoworks 7 · 0⤊ 0⤋
definite, yet in case you employ credit to pay a student mortgage (or any authorities mortgage or tax) once the deepest loan is "forgiven" lower than bancruptcy or written of through the creditor, you'll maximum in all probability be issued a 1099-C and the write off reported as income lower than your social protection variety. good success filing financial ruin adversarial to the IRS once you do not document the write off as income. Your perfect wager, to conquer the device, is to make a $50 charge each 6 months.. this may placed you in the back of all those that thoroughly defaulted and end the notices that i'm advantageous your getting for yet another 3 months. wish that permits... brb.. I have a pair $50 funds to make ;))
2016-10-15 23:07:17 · answer #2 · answered by ? 4 · 0⤊ 0⤋
your student loans must have lower interest rates than your CC bills. so just keep up to date on the monthly fees of your student loans and start by paying 40% above the min due on your CC bills. You may want to get an extra weekend job to get more money for a while. Good luck!!!
2007-01-22 10:11:33 · answer #3 · answered by BrownBagFormal 2 · 1⤊ 0⤋
step 1. study hard
step 2. must graduate with a high gpa
step 3. do good on your resume and interview
step 4. stay committed in your job
step 5. write a cheque to pay your debt
2007-01-22 10:08:51 · answer #4 · answered by jake g 2 · 0⤊ 2⤋
the answers above are good.
golferwhoworks failed to mention
daveramsey.com to learn what the bankers pray you never ever learn about money.
credit cards are 21st century slavery.
2007-01-22 10:27:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
when i was deep in debt i used this page to compare different options available to me. worked like a charm!
2007-01-22 11:47:16 · answer #6 · answered by little L 1 · 0⤊ 1⤋