EZ CREDIT FIX SITE
HELPING TO GET YOUR CREDIT REPAIRED
| Debt management | ||
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Well lets start here by saying" ITS NOT HOW MUCH YOU MAKE, BUT WHAT YOU DO WITH WHAT YOU MAKE"!! You can make $100,000 a year, but if you spend $110,000, you got debt troubles. So if you take what you make and then SPEND and SAVE it wisely you can get out of debt. The high interest rate charged on a lot of credit cards make it almost impossible to get them paid off just paying the minimum amount due each month. First thing to try is call your credit cards and ASK for a lower interest rate. If you have been paying on time they may lower it. If that does not work then what can help is to get a consolidation loan and consolidate those cards into 1 loan so you are paying just 1 amount that a lot of times can be hundreds of dollars less each month than you are paying now. You can then use that extra money and help pay down the debt and save some each month to help out when something else comes up so you DON"T pull the plastic out. You DO NOT want to cancel the credit cards but you can cut them up so you don't use them. The unused credit is good for you to have and will help your credit (FICO) score. Having unused credit and making your payments on time will be a big start in getting a higher credit score. Please make yourself a budget and write down every dollar you spend in a notebook so you can see where your money is going each month. When you add up those extra $10-20 spent on something that seems like nothing, you will see that you could have saved hundreds of dollars. If your bouncing checks, well your GIVING the bank free money. DON'T DO IT! BUDGET yourself and stick with it! Click on the banner below and see what a Prosper loan can do for you!  |
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| All Content provided by Tom Young | ||