You can get yourself out of Debt! There are strategies and systems that can get you out of Debt. There are proven methods that are easy to use – and used by professional Debt Counseling Companies!
Did you know that a majority of non-profit Credit and Debt Counseling Companies have very cozy relationships with Creditors and Debt Collectors?
In fact, many Credit Counseling Companies get paid by the Creditors. Don’t you find that ironic? Who’s side are Credit Counseling Companies – whom get kick-backs from Creditors on; the Debtor or Creditor? I personally believe these companies are middle-men, taking advantage of unsuspecting Consumers.
How you can dig yourself out of Debt. Where do you start digging? A good place you can look is inside of yourself. You can start by asking yourself the following questions:
Why do you want to become Debt Free?
What is keeping you from getting out of Debt?
How will it feel once you are Debt free?
What financial tasks can you complete for yourself?
What things do you really need help with financially?
These are all good questions to ask yourself. For best results, you can write your answers down.
The ugly truth is, Debt is like a hole, that we all get stuck in, at one time or another. Some of us make mistakes financially. Others take on financial risk’s that don’t provide the return on investment that we hoped for. Debt is unique for each person. What matters is what you (individually) do about it.
Wouldn’t You Love To Pay Off
Your Credit Card Debt Faster?
How would you feel if you knew that you could pay off your credit card debt at least 2 times faster?
What would you say to yourself if you heard that you can pay off your credit card debt at least 2 times faster without increasing your monthly payments?
Would you feel a little skeptical? Probably so, but the truth is, you can pay off your credit card debt faster using only your current income! Today, to say, “Thanks for stopping by” I’ll tell you 2 proven ways to pay off to pay off your credit card debt at least 2 times faster.
The frightening fact is people feel forced to choose between paying only their credit card debt or their mortgage. I’m sure if you’re in deep debt due to credit cards and your mortgage, you’d love to be able to pay both.
It’s easy to see the double-edged sword of credit card debt. On one side, a credit card can keep starvation from threatening your family. While, on the other side…there is a debt to repay for borrowing money on credit.
2 Ways To Pay Off Credit Card Debt Faster
Are you ready to learn 2 practical and proven tips to pay off your credit card at least 2 times debt faster?
Increase your current minimum payment by $5 every month: The Center for Responsible Lending did some math and found that for every dollar paid, to a credit card above the minimum, saves credit card holders $2 in interest payments. Picture this a a two for one special.
Keep your “above the minimum” payments consistent. Have you ever saw anyone start a diet, do really well for a month or two and then stop? What happens to those people? Normally these dieter’s gain all their weight back, plus more. The is true Credit Card Payments. If you stick with making an extra payment – every month, you will pay off your Credit Card Debt much faster.
How Would You Like To Pay Off Your Credit Card Debt 3 to 5 times faster?
Did you know that you can actually pay off your Credit Card Debt 3 to 5 times faster? The tips above will help you pay off your debt only 2 times faster. But there are proven ways to pay off your Credit Card Debt much, much faster.
The Credit Card Debt Medic video course shows you step-by-step how to pay off your debt much faster. Credit Card Companies really don’t want you to know what’s in the Credit Card Debt Medic Video Course.
Who would like to use the same debt calculator used by our Men and Women in uniform?
Well now you can
President Obama has declared the Month of April as National Financial Literacy Month.The President blames those on Wall Street for running rampant over Americans on Main Street.
To help American Consumers make wise financial decisions, the United States Government is offering a virtual library full of financial tools and information, to help Debtors (Consumers) make better and more informed financial decisions.
The good thing about this debt calculator is that it is super easy to use. All you have to do is enter your amount of debt. Next simply use the slider bars to indicate your loan interest rate and minimum monthly payment.
The bad thing about the debt calculator is that it only goes up to 20% interest. I’ll bet you already know that interest rates for loans can far exceed 20%.
Another negative is that you can not save any of the information entered into the calculator. If you want to update your payoff information, you’ll have to start all over (each and every time). With that said, it is still a fun calculator to play around with.
1 comment - What do you think? Posted by
Carlton Ford -
April 4, 2011 at 9:47 pm
Every Year on the first of April, American’s play a fascinating game called “April Fool’s.”
On April Fool’s Day, the only rule is to fool someone. During the rest of the year, millions of other Americans unknowingly act like fool’s financially.
There are 4 foolish ways to that people loose their money.
1. Failing To Check The Contract’s Fine Print
A while ago, I was looking for a part-time job. I interviewed at a place that sold products over the internet. I was being interviewed by a Man named Jason. He told me that they sold health products. His company was searching for people to help start-up the company.
After accepting the Job, I went to training. Then what I learned at training triggered a suspicious response in me. What I heard my trainer say to me was, “We offer free trials of health products…and the contract states, if the person does not cancel before the trial period, their card will be charged. He said it was a well established business model based on the following:
80% of people who accept free try-out’s don’t read the Contract’s terms and conditions
50% of people don’t cancel before the trial period ends
Up to 25% of those extend their purchase for at least 3 months
The problem was that the average price after the trial was up to $70 per month! The average customer would be charged for a three month supply before they would cancel. That adds up to $210. Imagine what you could do with that $210?
To make the problem worse, the company knew they would make $140 per average customer .That’s because the majority of people charged would wait to long to stop the first and second payments.
” I said to myself, “whoa…what they were trying to do was unethical.”
So I quit that Job at the next break and I never returned. I could not allow myself to be involved contracted scheme to snip a minimum of $140 from anyone.
2. Credit Card Defaults
When the Credit Card ACT of 2009 was signed, some frightening fact’s were left largely unspoken. The most shocking fact is that when a Credit Card Holder misses a payment, they can legally be punished. A Default Credit Card has higher rates. These rates can double and even triple your monthly payment.
Some Credit Cards have Default Clauses that claim that the Credit Card Company can increase your rates to astounding amounts. Look at it this way…if someone is paying $100 per month in minimum monthly payments, they are loosing $1,200 per year.
The Credit Card ACT of 2009 does protect against ‘Retroactive Rate Increases’ but sadly not on rates due to Credit Card Default in the future. Millions of people loose money every month because they are not aware of Credit Card Default Provisions.
3. Bad Budgeting Skills
For many people, budgeting is like planning their own funeral. Nobody likes to pay for anything that they don’t want. But every one has to pay for the thing’s they need. Budgeting is essential to living a better life. More people are finding that budgeting can be fun with the right budgeting tools.
Sadly, many people don’t know that having higher level budgeting skills can put money back into their pocket. Budgeting is about more than just paying bills. Budgeting also includes finding ways to save more money every month.
Last summer my electric bill was about $250 per month or $3,000 over the year. I had a goal to get the bill down by $50 which would save me an extra $600 over a year. So, replaced all high watt bulbs with energy saving ones, I kept the air conditioner low while at work and turned off lights when not in use.
The last two months my electric bill dropped to an average of $180…about a 60% savings from the months before
4. Failing To Inform Family About Finances
Too many people fail to inform their family about their financial situation. This fault is one of the most foolish ways to lose money. Couples rarely discuss money unless they are arguing about it. Rarely do couples sit down and build a budget together. This is a shame. When it comes to budgeting two heads are better than one.
The good news is it is easy to avoid the financial failures that come with the lack of providing family members with information. Try the exercise below?
Go to your husband, wife or significant other
Declare that you are broke
Check for their reaction
What you are hoping is that they are understanding and willing to discuss finances. If they get angry about it tell them that you were testing their “Financial Communication” skills. But whatever happens at least you’ll know you have broken the ice on talking about money issues.
2 comments - What do you think? Posted by
Carlton Ford -
April 1, 2011 at 3:04 pm
If you’re like me… you don’t want your hard earned money to get way
I bet if you’re reading this you’re the type of person who is not shy about using money saving tip’s and methods if they keep more money in your pocket
If you are a saver like me, we don’t settle for a dictated price handed down from some corporate executive in some big-city.
No…We are not the ones willing to allow our hard-earned dollars to be led like lambs to the slaughter. We do our research, we compare prices and only make a purchase if it makes sense.
I’ve used this one tip mostly for large purchases of $100 or more…Using this tip, I’ve saved about 20% on large purchases on average.
One Uncommon Money Saving Tip Revealed
Are you ready? the uncommon but useful money saving tip is….drum roll….Negotiating.
Yes, Negotiating, haggling, bargaining…whatever you want to call it. You can negotiate almost anything. Negotiation works for large or small purchases but I usually only use it for the big stuff.
Too many people take the price offered for big purchases…As a proud money saver, I would feel ashamed if I didn’t at least try to negotiate for a better price.
Or example, last year I purchased a car. It’s a nice luxury model in excellent shape and runs like a dream. The seller wanted a reasonable price for it. As an expert, I knew that could save more…so I struck a bargain on the price.
I saved about $700 off the price – because I negotiated.
The Secret Key To Negotiation
Negotiation is more than about asking or demanding a better price. It’s more about using the secret key that can turn the lock to the door that… leads to a great deal.
They key to negotiating is giving a “reason” why you need a better price or a reason why the seller will benefit from giving you a better deal. For example, when I negotiated for my car I asked questions to find out why the seller was trying to unload the car. What I found was she had two other cars and a truck. All vehicles in my State have to have insurance on them…even if they are parked in the driveway or backyard.
So, she was paying for a beautiful luxury car that was parked…She wanted to lower her insurance payments. Based on that, I offered to take the car that day if the seller would take $700 off of the asking price.
Negotiation done right can lead to a better price which equals more savings in your pocket.
Below is your time to brag…Have you negotiated anything recently? Leave a comment and share (but no spam!) below.
Be the first to comment - What do you think? Posted by
Carlton Ford -
February 10, 2011 at 5:43 pm
.That’s because the majority of people charged would wait to long to stop the first and second payments.
