Three Ways To Reduce Your Debt
Posted on March 6, 2008 - Filed Under Debt | Leave a Comment
Did you know that the average U.S. household has credit card debt of more than $9,300? Credit card companies have made running up that balance deceptively convenient. What’s lost when you’re on that spending spree is the realization that paying off your debt can be costly, in terms of both cash on hand and your overall financial health.
But how do you reduce your debt? Unfortunately it is now as easy as it was getting into debt! Before you can reduce your debt, the first thing you need to do is figure out how much debt you actually have.
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Best Money Posts
Posted on October 28, 2007 - Filed Under Credit, Debt, Investing, Money | Leave a Comment
There is a lot of financial information on the Internet, and I try and read as much of it as I can. Some of the best financial posts that I read last week were:
- Another Reason to Value Your Credit Score – If you have a low credit score and move your new utility accounts might require a large deposit.
The Worst Mortgage in the World and a Look at Creative Loans - The mortgage industry keeps coming up with new and creative financing options that usually end up making them money and screwing you the lender.
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10 Signs Of Serious Debt Trouble
Posted on October 16, 2007 - Filed Under Credit, Debt, Money | Leave a Comment
Bankrate and Yahoo both had articles recently around signs that you are in serious debt trouble. I tweaked their lists to come up with the top ten signs that you are in serious debt trouble.
- Your credit card balances are rising while your income is decreasing.
- You’re unable to make the minimum payments on your credit cards
- You use cash advances from one card to pay another
- You are at or perilously near the limit on each of your credit cards.
- You are frequently charged fees for late payments or for going over your credit limit
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