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Avoid Credit Card Debt Next Christmas
Why is this article about avoiding credit card debt next
Christmas and not this Christmas? Well, the chances are it is
too late this year and the little plastic demon has already made
an appearance, or it soon will...
Why do we do it? Every...
Consolidate And Live Debt Free
Are your credit cards in charge of your life? Are you living
payday to payday with no end in sight? Making large payments but
not making much of a dent on your principal balance? It may be
time to consolidate and live debt free.
Debt free...
Debt Consolidation
Millions of Americans are finding it hard to pay their bills and dig themselves out of debt. Many are turning to debt consolidation for help. While the biggest problem seems to be credit card debt, other debts such as; tax debts, medical bills,...
Debt Settlement Strategies
One of the most common social diseases remains dormant for a long time. And when it raises its head, it reveals its monstrosity slowly. What is the social malady? Think. More than a million Americans are affected by it. Yes, I am talking of the ugly...
Knocking Down the Debts with Credit Repair
If you take a hard look at your situation and analyze your debts carefully, you might just find a solution to knocking down the debts. Debts are bills we owe to creditors, someone or source that has extended us a line of credit believing that we...
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Beating Debt with a Stick
Debt is a Product in America The #1 sickness in America
concerning finances right now is debt. Debt is a product in our
culture and it is vigorously aimed at you and me everyday,
everywhere. As a society, we borrow more money than the last two
generations times two and your online credit report reflects
these habits! Some companies like Sears make more profit from
their credit department than from all the physical products they
sell.
But It's the Norm Isn't It? We are programmed from childhood to
make automatic decisions regarding our personal spending habits
thus negatively affecting our online credit report. A few 'real
world' examples are listed below: ∙ leasing a car instead
of paying for it in cash (unheard of right?) ∙ 90 days
same as cash (NOT... really the same in more than 75% of the
cases) ∙ rent-to-own (translation = paying 2, 3, 4 times
the actual value of the product) ∙ 30 year vs. 15 year
mortgages (an accepted lengthy and very costly way of purchasing
a house) What to do? Well, I hate to give the obvious answer
here but how about saving money! Try saving money in a money
market account for a couple years and then paying for a slightly
used car in cash or with a 50 to 75% down payment. Wow, imagine
having that extra money every month that most people dump into
their lease or high rate loan. Try saving money for 3-6 months
interest and risk free for that thing that you needed and you
might find that you can get it cheaper with hundreds OR even
that you want to use your hard-earned money for something more
practical. Your credit report will thank you as well.
Penny Pinching is Boring!
Most people today think that to be frugal one must live out of
a shack and only make purchases when they are on clearance (or
if it's life or death). Well they're only half right. Have you
heard the expression "It's the little things that count"? This
holds very true when dealing with financial decisions.
While
large purchases definitely have great effect on one's online
credit report as well as their overall situation, it is often
the everyday spending habits that accumulate and hold them back
from attaining wealth of any sort. What many people fail to
realize is that the majority of true millionaires in America
(those with net worths exceeding 1 million dollars) got rich
from thinking outside the box and not following the crowd. Try
thinking a little more about how you handle your money and you
might find that you know more than you think you do.
Summing Up the Debt Sickness Fiasco
A decision as simple as using a debit credit card instead of a
credit card shows discipline. Report that paying with cash
instead of credit shows that you have properly budgeted your
money and it just feels better to own something the day you walk
away with it. Your credit report will also reflect these
positive actions. Since the average consumer has little control
over their own spending habits, the credit report picks up the
slack and in turn there are more negative items to show for it.
Even statistics show that using cash when making purchases will
greatly reduce spending thus causing you to think harder as a
consumer before swiping that credit card. Get off to a good
start by seeing what is on your online credit report. By
removing negative items from your online credit report you can
improve your credit rating.
To read more about how you can get your online credit report
free with no obligations, see what is on your file and find out
how to fix it go to http://www.cleancreditonline.com
About the author:
"Beating Debt with a Stick" - © Tom Justice (2005)
Redistribution is allowed assuming all content is left the same.
Tom Justice is the webmaster for Clean Credit Online and does
all the designing, marketing, SEO and maintenance the site. He
has a passion for personal finance and how the economy and
consumers are affected by money.
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