Are you buried neck-deep in debt? Do you owe a total of more than a hundred thousand dollars? Have you been repeatedly turned down by debt relief services? If so, dont lose hope because there is still one last resort for you and that is to file for bankruptcy.
Lowering Credit Card Debt Building A Better Credit History
Although it is possible to get approved for a mortgage loan with a high debt ratio, having a low credit card balance will present better financing options. Becoming debt free is a highly sought after goal. Fewer debt payments offer the opportunity to begin saving money. There are several effective strategies for eliminating credit card debt. However, before outlining a plan, consumers must be willing to alter their spending habits.
High Credit Card Balance Contributors
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Credit Card Debt Reduction – 3 Tips To Lowering Credit Card Debt
Credit card debt can be reduced through lower rates or negotiating for reduced balances. With reduced interest, you can pay off the principal quicker with the same monthly payment. The other approach is debt settlement, which eliminates part of your debt at the cost of your credit score.
1. Transfer Balances
Credit card companies are always offering introductory deals, such as 0% on transfers. Usually such offers last for several months, giving you the chance to make si…
5 Steps To Credit Card Debt Reduction And Money Saving With A DIY System
Have you succumbed to the lure of credit cards and found yourself in a bit of a pickle because of it?
Pull up a chair and have a seat – Welcome to the ever growing club of consumer debt. Your biggest challenge now is to dig yourself out of this situation and avoid having to pay anyone to help you do it.
The options at this stage are usually as follow (depending on the level of credit card debt):
Consolidate into a loan.
Debt Management.
Bankruptcy.
Do Noth…