Monthly Archives: August 2006
Do Not Negotiate the Payment When Buying a Vehicle
| August 21, 2006 | Posted by derek under General, Loans |
One of the most costly mistakes that people make when purchasing a new vehicle is to negotiate on the amount of the loan payment. There is a reason that the first question asked by many car dealerships is what range you are looking at for a monthly payment, unfortunately that reason is not in your… continue reading
Credit Score and the Importance of Payment History
| August 21, 2006 | Posted by derek under Credit Cards, General |
While you are working towards eliminating your consumer debt, one of the most important aspects to impact your credit score is your payment history. According to myFICO.com, your payment history is the largest influence in determining your credit score. As long as you maintain a positive payment history, it is quite possible to maintain a… continue reading
Reduce Your Interest Rates with a Phone Call
| August 20, 2006 | Posted by derek under Credit Cards, Debt Reduction |
Are you interested in the potential to save yourself thousands of dollars by making a simple phone call? It really can be that easy, unfortunately many people never realize this is possible or do not think it will work for them. Take a few minutes to gather up the most recent statements from each credit… continue reading
Should I use Retirement Savings to Eliminate Debt?
| August 19, 2006 | Posted by derek under Debt Reduction, Retirement & Investing |
When feeling overwhelmed with high-interest credit card debt, you may be tempted by the idea of borrowing from your retirement accounts to pay it off quickly. Is this possible? If so, is this really a good idea? The majority of 401(k) plans allow participants to take a loan against their account, typically with a maximum… continue reading
Using Home Equity to Consolidate Debt
| August 17, 2006 | Posted by derek under Debt Reduction, General |
When embarking on the initial stages of eliminating consumer debt, many people feel overwhelmed with the volume of individual debts to different creditors. One common desire is to try and consolidate all of your debt into one payment that feels easier to manage. With that thought in mind, there are numerous so-called experts that make… continue reading
Free Help to Get Out of Debt
| August 17, 2006 | Posted by derek under Credit Cards, Debt Reduction |
The primary goal of this site is to provide people with the knowledge to eliminate all forms of consumer debt in order to achieve financial independence. While some people might be inclined to charge people for advice on how to eliminate debt, this resource will provide free help to get out of debt. Once you… continue reading
Saving for Retirement While Eliminating Debt
| August 16, 2006 | Posted by derek under Debt Reduction, Retirement & Investing, Savings |
Similar to an earlier article about building emergency savings, many people wonder whether or not they should be saving for retirement while in the process of eliminating their debt.While the answer to this question will vary from person to person, there are a couple of general concepts to consider when deciding what is the appropriate… continue reading
Snowball Method to Eliminate Credit Card Debt
| August 15, 2006 | Posted by derek under Credit Cards, Debt Reduction |
Imagine what happens to a snowball as it rolls down a mountain. Are you picturing that snowball rolling down the mountain, getting larger and larger as it increases speed? Well, that is the idea behind the snowball method to eliminate credit card debt and other forms of consumer debt. The first step in the snowball… continue reading
Top 10 Credit Mistakes
| August 15, 2006 | Posted by derek under Credit Cards, General |
Whether you are currently in the process of learning how to eliminate credit card debt or you consider yourself to be quite knowledgeable when it comes to credit cards, the following ten credit mistakes may give you some things to consider: Closing Credit Card Accounts Missing Payments Settling With Your Lender on a Past due… continue reading
Use Low-Rate Balance Transfers to Your Advantage
| August 12, 2006 | Posted by derek under Credit Cards, Debt Reduction |
One tactic that has the potential to save you hundreds, if not thousands, of dollars in interest while eliminating your credit card debt is to take advantage of attractive balance transfer offers. However, there are some things to consider when using this approach. Pay attention to any fees related to the balance transfer. In some… continue reading
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