What is the best way to deal with credit card debt? Consolidation or credit counseling company?
I just had surgery accumulating greater part of the credit card debt, while the main being out of work. Just looking to see where I could start now that I will return to work.
If you are able, to hire a equity loan. Paying credit card bills with the product. After paying the loan mortgage-backed securities as quickly as possible. This is a win-win situation. You receive credit card bills paid, plus interest on home equity loan is a tax deduction. Or, you can align the bills credit card 1) the interest rate, 2) more to be due to the lower amount, or 3) smaller amounts due to greater total amount owed. Whatever way the line up, start paying them off. the least preferred due to the higher amount due. I paid more money to the lowest balance, then paid the outstanding invoices above the required minimum. As the project law was less paid off, then apply the same amount, plus the minimum for the higher bill. Because this bill was paid off, then I amount more than apply the minimum to the next bill, etc. Now Susie Orman would disagree with this method, but I found great satisfaction in seeing accounts disappear more quickly than if it had paid the highest interest rate bill (regardless of balance) or Bill highest balance first. Also, I think when you have large beads hanging over your head, it is necessary to move as quickly as possible. It really gives an impulse to see projects law disappear from the face of the earth. Good luck!
Dealing with Credit Card Debt
