the 21st century everybody suffers from a debt. You have
loan on the car, your home or even you have recently applied for a payday
loan. But your credit card is empty and you are on filing for a bankruptcy. How can you get out of debt and avoid a total bankruptcy?
to these problems you donít sleep well and all night longs you are
chewing the cud on getting out of debt and paying the owes. If you are
most of the worldwide population you are spending so the nights. The
burden of a debt isnít shiny and you have to face the truth that paying
off the credit card balance may take up to 20 years.
credit card companies are glad to see that your outstanding can last
over than 20 years. They let you to ďsufferĒ 20 years, even more
you would be the idol. The purpose of the companies is that you would
pay month by month a sum of money, so you will fill constantly their
cash coffers. It isnít in their interest you to pay quickly; no they
permit to you to pay in small amounts. You pay the minimum balance of
your credit card, so you keep in life their business!
you pay the minimum payment, which means in fact the interest rate,
and just on the end of the month you pay the real balance. Thatís
what happens when you pay with a credit card! Itís not a problem if
you use a credit card but do it with mind!
you in a debt? How can you get out of a debt? If you are in a debt is
recommended to stay alive and donít dig yourself deeper in debt! Save
your credit card and use it if you really need it! Try to pay more than
your minimum balance! Choose the best credit card with a low interest
rate, and take care of the scams! If you succeeded to save some rates
on your card, use to cut down your debts. Itís meaningless to save
1 to 3% interest on your account while you pay 18% interest on your
credit card. Write a plan in order to reduce your debt! Before you enter
a dept situation think about what could you do with the saved amount
instead of paying to the credit card company?
best debt solution is the Credit Crunch! Make a list of your debts,
included the balances and the interest rates for all of them. Pay the
minimum balance on all of the credit cards, excluded that one with the
highest rate. Pay off this credit card (that with highest rate) and
then start to pay the one with the next highest rate, while you are
paying the minimum balance to the others. Keep doing this until you
end up with all of them!