Reduce Credit Card Debt Before Christmas

Think you’re the only one paying those monthly credit card bills and feeling like you’re doing nothing but paying interest? Nope. Most people have been there at one time or another. But you can get out of it and there are a few things you can do this month to help you reduce that debt in time for Christmas:

1. How many credit cards do you have? Is it possible to consolidate them all and transfer their balances onto one lower interest credit card? If not, let’s try something else.
2. Stop using all credit cards until you can see daylight. Pay cash for as much as possible. If you must use a card for an emergency, use the one with the lowest interest rate.
3. Pick the credit card you can pay off the quickest and get out from under it by paying it off in its entirety at the end of the month or paying more than the minimum on a regular basis. This will help you keep good credit with at least one of your credit card companies if you’re credit is suffering with the others.
4. Keep good communication with all credit card companies and if you can’t pay the minimum, pay something!
5. Stop renting videos, buying expensive coffee at Starbucks, and driving through for fast food. These things add up. Most people don’t realize how much money they actually spend on luxuries. One $17.00 Netflix subscription plus one $25.00 iTunes card would add $42.00 to a credit card minimum payment.

http://www.mypaydirt.com/reduce-credit-card-debt-before-christmas/debt-consolidation/2007/11/06/

Online Debt Consolidation Loans And How To Find Them

With the new age technology, most people do not realize the options we have with online lending. Some people use their local lending companies for all their lending needs. As our technology has grown, we now have so many options of lending via the Internet. Some people would like the chance to find loans and do not know where to go.

When searching for online loans, the first step is to open your browser to begin a search. When you are ready, type in the kind of loan you are searching for. When you are searching for online debt consolidation loans, use you browser and type “online debt consolidation loans” in your search page. By doing this, the next page should give you many lenders to choose from. Most popular lenders should be listed first. After viewing each lenders personal website, be sure to find the ones that offer the kind of loan you need. Make sure you request a quote from as many lenders as you can. By doing this, it will help you compare each individual quote so you know which one will work for you.

Choosing The Best Options For Online Debt Consolidation Loans

When searching for your quote, be sure to pay close attention to their interest rates, repayment plans, and any hidden costs. If you have any questions regarding their rates or other miscellaneous items, most lender website lists their phone numbers and e-mails to help answer your questions. Keep in mind that most online debt consolidation loans require collateral to secure the loan. Most lenders require an automobile or home equity as the collateral of their choice. Sometimes lender will allow other items as well, but these other items may require a third party appraisal before they will consider it as collateral. Most lenders who require using the equity in your home will lend you up to 125% of your total equity. With this option, you may be able to have extended loan payment between 5 and 30 years. The benefit of using your home as collateral is having lower payments over a longer period of time. Be sure to consider the length of time of this type of loan and the ability to keep up the payments for as long.

Closing The Deal With Online Debt Consolidation Loans.

Online debt consolidation loans are typically easy to find and not to hard to understand so when you find the right online debt consolidation loans to fit your needs, you will then want to make an appointment to visit with the lender personally. Make sure to have your quote with you on this visit. This will protect you from interest rates or repayment plans changing. After completing your loan application and receiving your funds, you should pay off all your debts as soon as possible. If you were unable to borrow enough funding to pay all your debs off, make sure to pay the ones, which are further behind or are larger. By paying the larger ones off first, it will be easier to finish paying off the smaller one quicker.

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About The Author
John Mussi is the founder of UK Debt Consolidation Loans who help homeowners find the best available loans via the www.uk-debt-consolidation-loans.com website.
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