EZ CREDIT FIX SITE
HELPING TO GET YOUR CREDIT REPAIRED
| Credit Card Debt and Pay Day loans | ||
|
Ok so your caught up in credit card debt or worse yet the Pay Day loans and you need to get it back under control! The way to get this debt under control is to lower the interest that you are paying. The key to paying off this debt is to pay the debt that has the highest interest first, then work your way down to the lowest rate ones. So take all your credit cards (or PayDay loan) and work on paying that highest interest debt down first and pay the min balance on the rest till that high interest debt is paid off, then take the money that you were paying on that card and start paying all the money on the next highest debt and keep working your way down till you get them all paid off. NOW DO NOT CANCEL those cards as you get them paid off. JUST DON"T use them! Cut them up if you need to but keep the accounts open ( as long as you don't have to pay an annual fee). These cards will help you bring your FICO score (credit score) up as it is now unused credit and that is a good thing for your score. I have helped my score go higher just by asking the credit card company to RAISE my limits on a cards and my score moved up by 20+ points just by that increase! UNUSED CREDIT IS A VERY GOOD THING FOR YOUR CREDIT SCORE! CONSOLIDATION LOAN thru loan is one great way to help get your credit back under control. By taking out a loan (up to $25,000) you can pay all those high interest credit cards and / or PayDay loans . Most of the time your payment will be lower than you are paying now on all those cards! With just one payment it will also be easier to budget for it monthly. This means you can pay more on the debt and have it payed off in 3 years or less! AND by having those cards paid off and NOT closing the accounts AND NOT using them again (CUT THEM UP!) your FICO score will move up and you know what happens then? Your house and car insurance can come down and when you need a car loan or a home loan the interest rates will be lower with a better credit score! So not only will you save money on lower interest rates but also on insurance. You are now being smart with your money! A great and easy place to get a consolidation loan is thru Prosper Loans, which maybe be a lot less interest than you are paying now and your payments may be lower with a 3 year payoff! Go to this link PROSPER LOAN to find more out and see what a P2P loan (peer to peer loan) is all about and how EZ it is to get! This is all important so PLEASE go back and reread it again if it has not sunk in. Then go to the PROSPER link and see how ez it is to get the loan. Now lets talk about bank charges and late fees you maybe paying... Please DON"T have them! The banks love when they get to charge you those bank fees for bounced checks, late fees on payments, ect. Did you know that when your late on credit cards, the credit card people can RAISE your interest which then just makes your min payment higher! Plus you hurt your credit score which hurts you in so many ways. Now don't get caught up with those defer interest offers. You think you will have plenty of time to pay off what ever you have bought BUT they know better! And if you don't they will charge you interest back to the start, which could be hundreds of dollars as most these kind of offers are at a very high interest. So don't do it. If you have any questions or comments please email me at tyoung@ezcreditfixsite.com | ||
|
|
| |
| Website Publishing | ||
   | ||
| All Content provided by Tom Young | ||