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(11) Write Down All of Your Options for Paying Off Your Debts

Once you have all of your debts listed, write down 20 options for paying off part or all of your debt. Write quickly. Do not judge what you are writing or how realistic the idea is, just write it down and then go to the next and then the next. Once you have 20 ideas on paper, go for another[Read More…]

by September 11, 2016 0 comments Get Out of Debt, Uncategorized

(10) Take Full Responsibility for Your Debt

Why should you take full responsibility for your debt if it wasn’t your fault to begin with? Taking full responsibility is empowering for you. If you take full responsibility for the situation you are in, then you have the power to get out of that situation. Don’t blame it on the credit markets or the recession or your alcoholic significant[Read More…]

by September 11, 2016 0 comments Uncategorized
(7) How To Pay Off Debt Fast To Help You Build a Higher Credit Score

(7) How To Pay Off Debt Fast To Help You Build a Higher Credit Score

How to pay off debt fast is integral to build credit. But before you can create a plan on how to pay off debt quickly, you need to fully understand the scope of your debt. Begin by creating a table, similar to the one below in which you will add all of your debt, all of the money you owe[Read More…]

by September 11, 2016 3 comments Uncategorized
Debt Management Plan - handwritten text in a notebook on a desk - 3d render illustration.

(5) Understand Your Debt-to-Income Ratio

Do you know what your debt-to-income (DTI) ratio is? Your debt-to-income ratio is the amount of your total debt you are carrying in monthly payments divided by your gross income. The equation looks like this: Total Debt/Gross Income X 100 = Debt-to-Income Ratio If you make $5,000 a month and have $1,000 in debt payments, your DTI is: $1000/$5000 X[Read More…]

by September 11, 2016 0 comments Uncategorized
Business Line Of Credit

(4) Got a Business? Monitor Your Business Line of Credit

Following closely behind the homeowner’s home equity line of credit, is the business line of credit. Like the home equity line of credit, the business line of credit can hide a host of problems for a long time, until the line is maxed out. Use your business line of credit to pay for things like large travel bills and printing[Read More…]

by September 11, 2016 3 comments Uncategorized
(3) Monitor Home Equity Line of Credit; Avoid Trouble

(3) Monitor Home Equity Line of Credit; Avoid Trouble

We mentioned above about continually dipping into your home equity line of credit to pay current expenses. If you have a home equity line of credit, monitor it closely for red flags that you are heading into deep, long-term debt. Here are red flags to watch for: 1. You are using more and more of the line of credit each[Read More…]

by September 11, 2016 0 comments Uncategorized
A green two-way street sign pointing to Good Credit and Bad Credit

How to Build Good Credit

(1) The reason that you should know how to build good credit is that good credit furnishes you with choices of where to live, what to buy, and when and how you want to go on vacation–just to name a few; (2) When you know how to build good credit you will learn that it may not help you get[Read More…]

by September 9, 2016 0 comments Uncategorized

Q&A: How long bankruptcy on credit?

Q: How long bankruptcy on credit? A: How long bankruptcy on credit? Speak with a legal professional before you do anything, but avoid declaring bankruptcy if you can help it because it will haunt you for a long time. Typically on a credit report, which are maintained by three credit reporting agencies, truthful negative credit information can be kept on[Read More…]

by September 8, 2016 0 comments Uncategorized
Consolidate Debt 3d Words help assistance combining financial  bills

Here are warnings about the debt settlement process: Debt settlement companies get paid for their services, even if they declare that they are “non-profit.” Typically, they want to get paid on the front end of the process, whether or not they have done anything for you. Debt settlement companies have different ways of getting paid. Let’s say you are $15,000[Read More…]

by September 7, 2016 0 comments Uncategorized