By Timothy Parker
 You're in over your head in debt, aren't you? It's ok to admit it. The average consumer is said to have $8,000 in credit card debt alone so if you're average, or even a little above average, you may not be sure how you will ever pay off your balance. There may be an answer for you, though: take a look at a debt consolidation loan.
I'll admit it too: When I was a young man in college dipping my toes in to the water of freedom, I fell victim to the dreaded table. The table sat in the student union of the university I attended and had two attractive females who were handing out free T-shirts. I stopped over one day and it all began. The table was from a certain credit card company who had for me the deal of all deals.
That day I went back to my dorm room with two things: A T-shirt and the promise of a credit card. The credit card came in the mail and |
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By Garrett36 Pierson36
 Common sense advice to reduce your debt
It's too easy to get in debt, getting out is a struggle for all of us
Like most families living in the rat race just getting by every month can be a real challenge on a regular salary, even if both parents are working. You think your head is above the water and all of a sudden the car shocks go , the kids need new clothes and the basement starts leaking. Before you know it you actually start going under financially without living an excessive lifestyle or going beyond your monthly budget. With credit so easily obtained the idea of just going without because you have no choice does not seem to apply. If your debt gets real bad you may need some help
Eliminate as much spending as you can !
This is a lot easier than you think to figure out where you can make some cuts to spending, the hard part is forcing yourself to implement them. How badly do you want to reduce your debt ? Cancel your cable, |
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By Garrett36 Pierson36
 Get rid of the debt burden
Now is the time to get your credit cards paid off, stop spending money on things that are not necessary in life and get rid of the debt you have
Recent statistics are showing us that the an average family is $6000 - $7000 in debt and rising. So , for example, if your interest rate is 16% you'll be paying over $100 in charges every month. Now , what happens if you miss a payment one month, then your credit company will hike up the interest rate to a huge 26% plus added penalties and before you know it your payement will be close to $150.
You know what you could do! You could just pay the minimum payment of $20 every month and deal with the debt another time in your life when your in a better financial situation. Now you've made the credit company very happy as this is the ideal payment for them and where they make most of their money. If you was to pay the minimum $20 on |
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