What is the best debt consolidation company out there today?
I have more than 10,000 pesos worth of the credit card debt. I need to consider consolidation? I can make payments no problem, but in the long term, the interest can be more than they could have paid if a debt consolidation program. Does that make sense to you? Thanks for your time.
Please do not consolidate. It is not free, which will reduce your payments by increasing the amount of time until you are debt free, and you have a success in your credit score. There a better way. A. A garage sale and sell anything you no longer need or want. B. Get a temporary part-time work, if you have one, get another. The holidays came and there will be plenty of temporary jobs available. It is better to have a fun year or two not a no fun decade. Here's a plan that can help. If the work plan work plan for you: 1. Make a budget. Make the budget a week before they are paid. A budget is not a punishment! It is a tool that will free you from having to worry about money again. Put everything in your budget. Above all the bills year, semester, quarterly or vehicle registration, insurance, etc. Give each dollar that is going to bring home the name of the place to be. Add an emergency fund "category to your budget and save up to $ 25 until have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If possible, establish a direct transfer to a savings account for your emergency fund. In this way it moves automatically and you do not even have to worry about it. You have to cut expenses and live within what they do. Please 2.First up to date with all of you debts and make no further delay in payments. Stop using your credit cards immediately. Do not take more debt. Credit cards are like quicksand only the death is much slower. Make a list of all your debts in order of higher interest rate to lowest interest. Effective use only for expenses from now on. 3.Pay the minimum in all the debts and then put their extra money to pay the highest interest first. After obtaining a bore fruit, who put the money paid on debt # 1 (the minimum payment and extra payment) towards debt # 2. That will pay debt off quickly # 2. When that is paid is puts the three payments of card # 3 and that one will be repaid fairly quickly. By way of example: To start: Debt # 1 (plus interest): minimum payment + # 2 surcharge debt (average interest): minimum payment Debt # 3 (lowest interest): minimum payment Debt # 1: pay debt # 2: minimum payment Debt # 1 + minimum payment Debt # 2 + extra payment Debt # 3: minimum payment Debt # 1: pay debt # 2: paid the debt # 3: minimum payment card # 1 + minimum payment of debt # 2 + minimum payment of debt # 3 + additional payment. In this way, you get all your fruit, in time, and pay less interest. It will also help rebuild your credit because you no longer have any late payments. This works no matter how many different debts you may have. 4. After receiving all your debts paid off, add to your emergency fund until you have 6-12 months of income saved. Put the money in an emergency fund money market funds in a liquid or Bank of America no-risk CD so if you need money you can take out without penalty. 5a. When you have your background emergency in place, add a category for "fun" budget. Except for a holiday, vacation, a big screen, or outside dinners, any goal you want. Remember to enjoy your life. 5b. When you have your emergency fund in place, start saving for retirement. Join 401 (K) at work and contribute the maximum. Your employer probably matches at least part of their contribution, why give up free money? Open an account Roth IRA and contribute the most in a month base. If you start saving for retirement now, you probably will retire a millionaire. 5c. When you have your emergency fund in Instead, start saving for your next vehicle. Only buy cars, or other things that depreciate, with cash. Save up to a better car. Thus earning interest instead of paying the interest. You can do it and is not as difficult as you think. Just follow the plan.
Debt Consolidation Options Video | Bills.com
