Comments on: When living paycheck by paycheck, what is the best way to consolidate debt? http://debtreliefreviews.net/when-living-paycheck-by-paycheck-what-is-the-best-way-to-consolidate-debt/ Sun, 11 Sep 2011 10:50:10 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Domino http://debtreliefreviews.net/when-living-paycheck-by-paycheck-what-is-the-best-way-to-consolidate-debt/comment-page-1/#comment-1502 Domino Thu, 07 Jan 2010 19:52:01 +0000 http://debtreliefreviews.net/when-living-paycheck-by-paycheck-what-is-the-best-way-to-consolidate-debt/#comment-1502 get the most for what you buy, meaning if you can get cash back for purchases that you already make then do it. there are cards that pay you for gas stations etc, take the money they give back and start an emergency fund. this way you are spending the same but saving a little each month. it is a long process but once you get on track you will be surprised how it adds up get the most for what you buy, meaning if you can get cash back for purchases that you already make then do it. there are cards that pay you for gas stations etc, take the money they give back and start an emergency fund. this way you are spending the same but saving a little each month. it is a long process but once you get on track you will be surprised how it adds up

]]> By: ro http://debtreliefreviews.net/when-living-paycheck-by-paycheck-what-is-the-best-way-to-consolidate-debt/comment-page-1/#comment-1501 ro Mon, 04 Jan 2010 22:03:22 +0000 http://debtreliefreviews.net/when-living-paycheck-by-paycheck-what-is-the-best-way-to-consolidate-debt/#comment-1501 Depending on your credit score, you may be able to get a personal loan at a low interest rate to payoff your outstanding debts. Since you've already stated that you won't be using anymore credit cards you will be able to reduce your debt faster by consolidating to a low interest loan from your bank not the ones you see on TV, they have hidden charges. I've done it in the past and it worked wonders. Instead of paying 14-15% on credit cards each month, I was only paying 7.9% for the consolidated debt. The total amount of the consolidated debt seemed high compared to the individual accounts but that goes to show you that a little here and there really does add up. The total finance charges paid year over year was significantly less compared to if I stayed with just paying the bills separately. So with the money you make now, less of it goes to finance charges which essentially gives you more money to breathe. It sounds like you have your spending under control which will help. I know it sounds like an impossible situation but you can get out of it and you're on the right track. Don't get tricked into opening new credit cards with low finance rates or even low balance transfer rates. Those will hurt your credit score. At least with a consolidation loan you can't be tempted to respend. Depending on your credit score, you may be able to get a personal loan at a low interest rate to payoff your outstanding debts. Since you’ve already stated that you won’t be using anymore credit cards you will be able to reduce your debt faster by consolidating to a low interest loan from your bank not the ones you see on TV, they have hidden charges. I’ve done it in the past and it worked wonders. Instead of paying 14-15% on credit cards each month, I was only paying 7.9% for the consolidated debt. The total amount of the consolidated debt seemed high compared to the individual accounts but that goes to show you that a little here and there really does add up. The total finance charges paid year over year was significantly less compared to if I stayed with just paying the bills separately. So with the money you make now, less of it goes to finance charges which essentially gives you more money to breathe. It sounds like you have your spending under control which will help. I know it sounds like an impossible situation but you can get out of it and you’re on the right track.

Don’t get tricked into opening new credit cards with low finance rates or even low balance transfer rates. Those will hurt your credit score. At least with a consolidation loan you can’t be tempted to respend.

]]> By: nittygritty http://debtreliefreviews.net/when-living-paycheck-by-paycheck-what-is-the-best-way-to-consolidate-debt/comment-page-1/#comment-1500 nittygritty Mon, 04 Jan 2010 19:30:12 +0000 http://debtreliefreviews.net/when-living-paycheck-by-paycheck-what-is-the-best-way-to-consolidate-debt/#comment-1500 what kind of debt credit cards?? some of the debt consolidaters companys will take advantage so watch out for that. try and at least pay the min. or at least for a little while get a second job..just until you pay off some of your debt and feel you can live comfortably.. even if you only make 100 a week with pt job. you can put all that towards your debt. what kind of debt credit cards?? some of the debt consolidaters companys will take advantage so watch out for that. try and at least pay the min. or at least for a little while get a second job..just until you pay off some of your debt and feel you can live comfortably..

even if you only make 100 a week with pt job. you can put all that towards your debt.

]]>