Debt Management Video Tips : How to Get Out of Credit Card Debt
October 4, 2009
Good ways to get out of credit card debt include not using cards and quickly paying down cards with smaller balances. Stay out of credit card debt by throwing away enticing low interest-rate offers received in the mail with advice from acertified public accountant and credit counselor in this free video on debt management.
Tips to Cut The Cost Of Debt online
January 25, 2009
cut the cost debt
Borrow less
Lenders often tempt you into borrowing more than you actually need. Larger loans mean bigger profits for banks, so it makes sense to borrow as little as you can
- Only borrow the exacty amount
Reduce the interest rate
Do pay attention to the interest rate and fees being charged. However, don’t be duped by the headline APR, as this can be misleading.
- Ask current finance company to reduce interest rates
- Look for a cheaper rate
Transfer your debt
One way to cut the interest rate you’re paying is to transfer existing debts to a new home.
Make more frequent repayments
By paying more frequently, you chip away at your debt faster and, therefore, bring down its cost.
- Check with mortgage companies
Repay over a shorter period
Time is always a function of credit, because the shorter the time period, the lower the interest bill.
- Reduce mortgage length
- Use overpayment opportunity
