FP | March 22, 2009
The first step after you admitted that you have a problem is that you want to get out of debt. I found that many people don’t really want to take the sacrifices and discipline to really get out of debt. 1. Keep track of all expenditures. Take a good look at your expenses over the [...]
Category: Debt Elimination, Debt consolidation, Financial Plan, How to get out of debt |
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Tags: Debt consolidation, Debt Elimination, Financial Plan, How to get out of debt, Personal Finance
FP | March 16, 2009
Before I go into more details about what’s the difference between debt consolidation and debt elimination I would like to get to the core of the problem. Some facts about debt: The debt-to-income ratio in the second quarter of 2008 continued to climb, reaching 130.9%. Now this is dumb! But what does this mean? For [...]
Category: Debt Elimination, Debt consolidation |
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Tags: Credit Cards, Debt, Debt consolidation, Debt Elimination, How to get out of debt, Strategy to eliminate credit card debt
FP | March 14, 2009
Debt Consolidation:multiple debt or credit lines and consolidating them into one new payoff plan. Frequently, this is a consolidation loan, provided to consolidate debts into one loan with one payment, typically shifting credit card debts to secured debt by refinancing a mortgage. It could also refer to a credit counseling or debt settlement program. Debt [...]
Category: Debt Elimination, Debt consolidation, Financial Plan, How to get out of debt |
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Tags: Add new tag, Credit Cards, Debt consolidation, Financial Plan