Common Cents tips: Getting out of serious debt Richmond Times Dispatch
Getting out of serious debt
Eliminating debt is manageable for most households without having to file for bankruptcy protection. Here's how:
Consolidate debt: Merge credit card balances on multiple high-interest rate accounts onto one credit card with a lower interest rate. Beware of a balance-transfer fee that is usually applied when transferring a balance from one credit card to another.
Create a spending plan: The easiest way to reduce expenses is to have a budget so that you know where your money is going. A spending plan or budget involves accurately tracking all of your expenses — cash, checks, credit cards — so that outflow doesn't exceed income.
Manage properly your credit cards: It is natural to want to cut up credit cards once they are paid off or consolidated, but doing so can affect your credit score. The idea is to pay off serious debt while rebuilding a damaged credit report.
Debt Management Tips : How to Consolidate Debt
Consolidate debt by contacting a financial institution for loan opportunities or looking at existing credit cards with lower interest rates. Lower ...
add consolidate debt link new - News
|
Remarks by National Security Advisor Stephen Hadley at the Center ... - Whitehouse.gov (press release) Remarks by National Security Advisor Stephen Hadley at the Center The new administration also has the opportunity to build on our efforts to link the countries of Central Asia with the nations of South Asia through a new |
