I am in debt of credit cards and Personal, My repayment for theseare more tahn my salary, some advice to come? - credit debt advice
I pay the min due to credit card and loan amounts are becoming certified in my salt. Some tips to get out of this debt trap as soon as possible.
Monday, January 11, 2010
Credit Debt Advice I Am In Debt Of Credit Cards And Personal, My Repayment For Theseare More Tahn My Salary, Some Advice To Come?
9 comments:
You need to increase your revenue!
Please do not consolidated. It is not free, it will reduce your payments by increasing the amount of time until you are debt free and you success in your credit score. There is a better way.
A. Have a garage sale and sell everything you no longer need or want.
B. Get a part time job temporarily, if you have one, take another one. There are many seasonal jobs available. Or working as a window cleaner or what you can do. It is advisable not to one or two years to have fun than a decade, no joy.
Here is a plan that can help. If the work plan, the work for you:
1. Make a budget. Charged that the budget a week before. A budget is not a punishment! It is a tool that you from worries about money again liberated. Put everything in your household. In particular, the annual, biannual or quarterly bills like car registration, insurance, etc. Give every dollar that goes to the house its name, where it goes. Add an "emergency fund" categoryRy your budget and save $ 25 to 1000-1250 U.S. dollars to have. Your emergency fund will help to keep the input into new debt because of an emergency. If possible, make a direct transfer to a savings account for emergency funds. In this way, moves automatically and you do not even have to worry about. You must reduce your expenses and live on less than you deserve.
2.First you get all the current debt and no further delay. Stop using your credit or debit cards immediately. Do not take on more debt. Credit cards are like quicksand only the death is much slower. Make a list of all your debts in order from highest to lowest rate of interest. Use only cash for expenses immediately.
3.Pay the minimum on all debts and then put your money to pay higher interest rates. After you receive the payments, you put the money on debt # 1 (the minimum payment and additional payments) to debt # 2 Those who now pay debt # 2. If it is paid, placed three paymentson Map No. 3, and you are paid relatively quickly. For example:
At the beginning:
Debt # 1 () the highest interest: minimum payment + extra payment
# 2 bonds (), the average contribution: Minimum payment
Debt # 3 () lowest interest rates: Minimum payment
Debt # 1: paid leave
Debt # 2: minimum payment Debt # 1 + minimum payment Debt # 2 + extra payment
Debt # 3: minimum
Debt # 1: paid leave
Debt # 2: paid leave
Debt # 3: Minimum-card # 1 + minimum payment Debt # 2 + minimum payment Debt # 3 + additional payment.
In this way you will receive all expenses paid, on time and pay less interest. It will also help rebuild your credit because you no late payments. It works, no matter how many other debts that you may have.
4. After he pays all his debts, your emergency fund in 6-12 months, until you have secured income. Put the money into an emergency fund of cash or money market funds in a Bank of America no-risk CD so that if you need money, you ort without penalty.
5a. If your emergency fund there, add a new category of "fun" to your budget. Save for vacation, holidays, a large screen, or dinner, what goal you want. Remember to enjoy your life.
5b. When you place your emergency fund, start saving for retirement. Join the 401 (k) plan to work and contribute to the maximum. Your employer probably corresponds to at least part of their contribution, so why give money for free? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for retirement now will probably retire a millionaire.
5c. If your emergency fund in place with which to start saving for your next car. You only buy cars or other things that lose value, and cash. Saving for a nicer car. In this way, get paid instead of interest rates.
You can do it and not as difficult as you think. Just follow the plan.
1) Imagine if your livelihood, if necessary (ER weeks whiskey and dinner in a restaurant is not French)
2) in the table on a sheet of what you owe each financial institution
Salary / minus average cost of living = $ A
Because of all financial institutions = $ B $ Amount
Duration of the monthly amortization = B $ $ A
If you have evenly distributed, it is the time to write to all your financial institutions have a relocation or the status quo to pay w / o additional sanctions. You should know that their ability to pay and how long it will take to pay w / o new loans. Otherwise, personal bankruptcy or Chapter 11 (like the country). Both are expensive options for you and financial institutions.
Oh ya, is his salary to a bank account to which you have no debts to be paid with the bank. Otherwise, the previous payment system is not easy.
The company credit card interest credit on the total amount, even if partly paid his debts.
So rather than pay all payments by credit card, credit card clear credit card from month to month - EMI VAT, since the payment of the balance adjusted for EMI in the first place. It is necessary to submit a letter with these payments and control over the phone.
Most payments by credit card loans attract an interest rate higher personally. Therefore, prefer payment by credit card.
Try to get your loan to the company hand over credit card - are often lower interest rates and achieve a time of adoption of this transfer in their favor.
For personal loan, talk to your bank and make sure to aim at reducing balance is calculated. , Negotiating to reduce the speed or transfer to another bank willing to take a lower interest rate.
My dear friend will continue to ask you, away from credit cards as much as possible and try to earn more money
So how can you earn more
Outside of his work
I'd like some help in this
It is a place where there are good relationships that really show how to make internet job online, you can earn over $ 3000 per month from this work in part-time
What do you know
http://www.earn-money-work-at-home-on-internet.blogspot.com
pay as much as you can try and borrow money from friends you know well. Loan from a bank is a good idea, even if interest rates are too high and you pay the monthly invoice.
otherwise it would just get in more debt.
go on You Tube if you have your own place and get some massage techniques and offer massages at home.
I'm 90 hours away.
Good luck, I wish you good luck.
Moreover, the positive statements that are on the money when he said on the morning
Boosters are good for you.
U can ask ur credit card issuer and INFOM them about the possible return yuour asked to leave interest out there and you can download the solution.
You can pay in terms of the ease asper EMI, for which you can pay and expenses.
Hello, dear friends
You can pay for a personal loan from a bank to your credit card. The bank loan is cheaper.
Take this as a asvise. Spend a great deal, only can do what situatuion avoid them like this
Bankruptcy Search
http://slumdogbroker.wordpress.com/
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