Tag Archives: pay off debt
- 3 Critical Tools for Paying Off Debt
This is the time of year when many people look at their debt situation and shudder. They dream of what it would be like to be out of debt. And, if they’re brave, they begin to plan a strategy to reduce the amount of debt they carry. They’ll begin with high hopes, but many of [...]
- Which is the Best Debt to Pay Off First? – Taylor
“Dear Steve, I have some extra money this month and wanted to know which was the best way to go. Pay on the cards with the smallest balances or highest or is the better route the one with highest interest? Taylor” The Answer: Dear Taylor, If you’ve come into some extra money I’d first suggest [...]
- Which Cards Should We Close As We Get Out of Debt? – Kenneth
“Dear Steve, Working to correct years of “The Great Credit” frenzy. My wife has a Chase Visa balance $15K Max limit and Amex Balance $4K max limit. I have Citi Visa $0 $24K limit and Discover balance $12K max limit. I am a user on her cards and she is a user on my cards. [...]
- Should We Sell the House to Pay Off Our Debt? – Mark
wife and i are 55 years old, both work full time, two kids, one in college, one out, both went thru school on PLUS loans, we owe mortgage and home equity loan, plus lots of credit card debt, which may all equal the selling price of our home. at our ages and situation, would it [...]
- Is it Better or Worse to Pay Off My Debt This Year? – Brandi
I have a personal loan from about five years ago. I am paying on time every month. The balance at the beginning of this year was $7,500. I have since paid it down (using a second job and a bonus from work) to a little over 3,000. It is the only debt I have. Is [...]
- Should I Pay My Debt Off in Full Or Do It Monthly? – Dave
“Dear Steve, I have $5000 credit card debt on one card with 11.9% APR. This debt has hovered around the 4500 to 5000 amount for about a year, as I have been paying off the minimum monthly payment each month, but have been hit with fees. My question is: I just received a $5000 bonus [...]
- Victory and Disappointment for the Debt World Today: Total Debt Falls While Harassment Complaints Rise
CNN Money’s recent article, “Debt collectors get nasty” showed some real insight into the current debt collection process in this country. They touched on information reported by the Federal Trade Commission, FTC, about the number of complaints of debt collector harassment issues on the rise. Apparently these debt collectors haven’t heard of a little thing [...]
- We Have Money to Payoff Our Debt. Is That a Smart Thing to Do? – James
James wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I Was in the Military, Got Out, and Ran Up Debt. – Carolyn
“Dear Steve, I was in the military for a couple years, got used to plenty of extra spending money due to not having any rent or bills. I didn’t stop spending money once I got out so I ended up racking up the credit card bills. I’ve stoped using the cards for almost a year [...]
- What is the Fastest Way to Get Out of Credit Card Debt? – Joseph
“Dear Steve, I have 4 credit cards with the total of $20000. What is the fastest way to get out of these credit card debt? Been paying the minium payment for a long time. even consulted with companies but not sure they are a good solution in terms of how it will effect my credit. [...]
- How Can We Easily Pay Off Our High Interest Rate Debt? – Dea
“Dear Steve, We have high interest rate credit cards totalling $60,000.00 that we need to pay off. We own a home. We think it would appraise for about $250,000 & we owe$198,000. We own two 2002 vehicles. We would like to get rid of the credit cards expect one a piece with a low limit. [...]
- We Received a Big Settlement Check and Want to Pay Off All Our Debts. – Rebecca
Rebecca wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Which Debt Should I Pay Off First, Credit Card or Personal Loan? – Sean
Sean wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Bank of America Offers “Clean Sweep” Debt Consolidation Loan Up to $50,000. Let’s Look at The Facts And See Who Is Really Cleaning Up.
In this time of great economic worry and stress, Bank of America is sending out an offer they call their Clean Sweep® – Bank of America® Debt Consolidation Plan. I thought it would be beneficial to take a close look at this offer and use it to help educate readers about what to look for [...]