Presented by Daniel Toriola
Getting rid of debt takes certain bold steps. Cut unnecessary expenses and reduce your monthly expenses.
Make a few simple changes in lifestyle and you can comfortably live within your income and save money
everyday.
Click here to know more
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Create Your Own Ultimate Debt Elimination Plan
By David Berky
Create Your Own Ultimate Debt Elimination Plan by David Berky
The method is simple. 1) Set a monthly amount. 2) Pay all
minimum amounts. 3) Pay extra money toward the debt with
the highest interest rate.
This method will ensure that you pay the least amount of
interest and repay your debts as soon as possible.
The trick to paying the least amount of interest possible is
to pay extra money toward the debt with the highest interest
rate. Obviously you want that debt paid off as soon as you
can. Each month it costs you the most.
The trick to paying off your debts in the least amount of
time is to set a fixed total amount to pay each month. The
trap many people fall into is that they only pay the minimum
payments. These minimum payments are designed to keep you
paying that high interest rate for as long as possible.
By paying a fixed total amount each month, as one debt is
paid off, you will have more money to pay towards another
debt. This is often called the "snow-ball" effect.
But first things first.
First, determine you ability to pay. If your total payments
are much more than you can afford, you are in trouble. You
may need to contact a non-profit credit counseling agency.
You can find them in your local phone book or online.
Do Your Own Debt Consolidaton And Save!
Create a plan for financial freedom. No qualifying, no monthly fees, no risk, no kidding! Monthly cash drawing!
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Presented by Daniel Toriola
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