2013년 11월 26일 화요일

About 'bad debt meaning'|... and pension plans. (This means that there is no demand for...Denninger said the real amount of bad debts is probably 30 trillion ...







About 'bad debt meaning'|... and pension plans. (This means that there is no demand for...Denninger said the real amount of bad debts is probably 30 trillion ...








After               working               a               horrible               food               service               job               that               didn't               pay               enough               to               make               ends               meet,               I               found               myself               buried               under               a               huge               pile               of               credit               card               debt               that               I               thought               I               would               never               be               able               to               pay               off.

I               decided               to               consolidate               my               credit               card               debt               and               force               myself               to               pay               it               off               in               one               year.

I               can't               even               begin               to               tell               you               how               amazing               it               feels               to               be               out               from               under               that               credit               card               debt               so               I               want               to               share               with               you               how               you               can               work               towards               freeing               yourself               from               credit               card               debt               and               have               that               same               feeling               of               freedom               for               yourself.

How               Much               Credit               Card               Debt               Do               You               Have?


               The               first               step               to               getting               yourself               out               of               credit               card               debt               is               to               take               inventory               of               your               credit               cards.

Create               an               Excel               spreadsheet               with               a               column               for:               name               of               the               credit               card,               amount               you               still               owe,               and               your               interest               rate.

Make               an               extra               row               at               the               bottom               for               the               total               of               the               amounts               that               you               still               owe.
               Request               Lower               Interest               Rate               
               If               you               only               have               one               or               two               credit               cards               carrying               a               balance               on               them               and               you               make               your               payments               regularly               you               might               want               to               request               a               lower               interest               rate               from               the               credit               card               providers.

Over               15%               interest               is               too               much               to               be               paying               in               interest               and               most               of               my               cards               were               running               at               about               22%.

If               you               cannot               get               your               banks               to               reduce               your               interest               amount               by               a               substantial               amount               or               you               have               multiple               cards               that               make               it               difficult               to               pay               each               minimum               payment               you               will               probably               want               to               consolidate               your               credit               card               debt               to               one               credit               card.
               Consolidating               to               One               Credit               Card               
               I               have               read               some               articles               that               say               that               consolidating               your               credit               card               debt               down               to               one               card               is               a               bad               idea,               but               this               is               a               method               that               I               have               used               myself               and               successfully               got               completely               out               of               debt               within               a               matter               of               months               after               doing               so.

Shop               around               for               a               good               credit               card               with               the               lowest               interest               rate               you               can               find.

If               you               bank               with               a               credit               union               they               should               be               able               to               get               you               a               really               good               interest               rate               and               if               you               are               lucky               you               might               end               up               getting               6               months               to               a               year               without               interest               meaning               that               around               $20               more               of               each               payment               you               make               will               go               directly               to               your               debt               and               not               to               paying               interest.

I               was               able               to               indicate               the               exact               amount               I               wanted               my               card               for               so               I               rounded               up               my               total               credit               card               debt               to               the               nearest               hundred               and               transferred               all               of               my               card               balances               to               one               place.

This               of               course               means               no               more               using               your               credit               cards               until               the               balance               is               paid               off.

Using               cash               is               a               good               practice               because               you               can               physically               see               the               money               leaving               your               hand               which               is               much               more               painful               than               swiping               a               piece               of               plastic.
               Do               NOT               get               rid               of               your               old               credit               cards               that               are               now               carrying               a               zero               balance.

Closing               a               credit               card               account               is               like               burning               bridges               with               a               former               employer.

These               credit               references               are               like               job               references,               but               for               your               credit               report.

If               you               keep               these               accounts               open               it               will               help               your               credit               score               more               than               if               you               closed               them               even               if               you               continue               to               carry               a               zero               balance.

Keep               your               old               cards               together               locked               in               a               safe               in               case               you               need               one               for               an               emergency               situation               in               the               future.
               Budget               
               You               should               plan               on               creating               a               budget               for               yourself.

Make               sure               you               are               allocating               enough               money               towards               your               credit               card               debt               as               you               can               afford               to               pay               even               if               it               means               cutting               back               on               some               luxury               items.

Once               your               card               has               been               paid               off               you               will               have               a               new               found               appreciation               for               money               and               be               able               to               slowly               introduce               those               luxury               items               back               into               your               lifestyle.

Once               your               debt               has               been               paid               off,               consider               putting               part               of               what               you               had               been               paying               towards               your               debt               into               a               high               yield               savings               account               such               as               with               ING               Direct               or               Emigrant               Direct               to               help               make               sure               you               don't               find               yourself               in               another               stressful               debt               situation               in               the               future.

A               really               great               free               budget               spreadsheet               is               available               through               free-financial-advice.net               and               CNN               has               Budget               101               that               is               also               a               helpful               budget               guide.
               Even               after               you               have               paid               off               your               debt               it               is               a               good               idea               to               stick               with               your               budget.

Accounting               for               where               each               dollar               you               spend               goes               helps               keep               things               in               prospective               and               helps               you               avoid               running               out               and               putting               unnecessary               items               on               your               credit               cards               so               you               don't               find               yourself               buried               under               a               huge               pile               of               credit               card               debt               again.






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