Are the relief agencies reputable debt or a scam? Know a good to help me get out of credit card debt?
I heard that some agencies take your money and do not end up using it to pay its debts. How can a person find one that will really help and how really work?
Please do not consolidate. It is not free, your payments will be reduced by increasing the amount of time until you are debt free, and you will a hit on your credit score. There is a better way. A. A garage sale and sell anything you no longer need or want. Get a Part B. temporal time job, if you have one, get another. The holidays are coming and there will be a lot of temporary jobs available. Better to have a single year of fun or two no fun a decade. C. NOT get a home equity loan. Taking on more debt does not get you out of debt. Here's a plan that can help. If you work in the plan, the plan of work for you: 1. Make a budget. Make the budget a week before you get 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 every dollar that is going to bring home the name of the place to be. Add an emergency fund "category to your budget to $ 25 and save up until you 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 a savings account to 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 in less than do. 2.First catch up with you all the debts and make no further delay in payments. Stop using your credit cards immediately. Do not take more debt. cards Credit is like quicksand only the death is much slower. Make a list of all your debts in order of higher interest rate to lowest interest. The effective use only for their expenses from now. 3.Pay the lowest in all of its debts and then put your extra money to pay the highest interest first. After to obtain a paid off, which put the money paid on debt # 1 (the minimum payment and pay extra) to debt # 2. That will pay off debt faster # 2. When that is paid, it becomes three payments of card # 3 and you will be repaid fairly quickly. As an example: To start: Debt # 1 (plus interest): Minimum payment + extra payment Debt # 2 (average interest): minimum payment Debt # 3 (lowest interest): minimum payment Debt # 1: paid debt # 2: minimum payment Debt # 1 + minimum payment Debt # 2 + extra payment Debt # 3: minimum payment Debt # 1: pay debt # 2: paid debt # 3: minimum payment from card # 1 + minimum payment Debt # 2 + minimum payment Debt # 3 + additional payment. Thus, you will get all fruit, in time, and pay no interest. It will also help rebuild your credit because you no longer have any late payments. It 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 a fund's emergency money market funds in a liquid or Bank of America no-risk CD so if you need money you can be removed without penalty. 5a. When you have your emergency fund in place, add a category for "fun" budget. Except for a holiday, vacation, a large screen, or dinners out, whatever goal you want. Remember to enjoy your life. 5b. When you have your emergency fund in place, start saving for retirement. Join the 401 (k) Plan and contribute work to the fullest. Your employer probably matches at least part of their contribution, why give up free money? Open a 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 place, start saving for your next car. 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.
Credit Card Relief Professional
