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Credit Card Debt after Divorce
It is true that marriages are made in heaven. But everything
falls flat on their butt once a marriage hits the rocks. Every
bit of reconciliation fails and divorce seems to be the only way
out. If everything - both financial and other aspects -...
Dealing with The Stress of Debt!
As the Christmas period comes to an end and the New Year begins
many people suddenly find themselves faced with the Credit card
bill from hell! It seemed so easy to "spend, spend, spend" when
out buying all the wonderful presents for your loved...
Debt Negotiation Vs. Debt Management
Debt negotiation and debt management/consolidation both help
consumers pay off their debts through two different approaches.
Each affects your credit score, payoff period, and taxes
differently. Before choosing either options, be sure...
Partners For Life: Credit Card Bills And Debt Consolidation
Meet the Batman – Robin tandem of the 21st century. Or the New Mr. and Mrs. Tom Cruise. Or Brad Pitt and Angelina Jolie if and when they ‘fess up. Today, thanks to inflation, terrorist threats, the euro going up and the dollar going down, citizens...
The Growing Debt Problem for under 25's in the UK
Not at any time since the last major economic recession of the
1990's have so many people in the UK suffered so much with debt
problems. Although the principal underlying economic factors
look good on the surface, a closer inspection of the...
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Debt Reduction Solutions
Finding solutions to reducing your debt takes some thinking and research on your part. You have some good choices available to you and we shall list these key debt reduction solutions for you right here:
1. Home Equity Loan or Home Equity Line of Credit. Your 21% charge card can be reduced to nearly 6% over night. How? By taking out a line of credit or equity loan against your home. Equity loans and lines of credit are available at low rates and banks are very willing to extend this service to you as your home is your collateral. Pay off all of your credit card debt with the loan and you will achieve debt reduction solutions immediately.
2. Replace high interest credit cards with low interest cards. Yes, in this day of low interest rates, many credit cards carry high interest rates. Ask your credit card issuer to reduce their rate closer to market rates. If they refuse to budge, consider applying for a low interest rate card from another provider. Transfer your balance to the provider offering the best rate.
3. Debt reduction solutions can be realized through the selling of other assets including: an
extra car, antiques, jewelry, extra property, renting out property, or liquidating some other assets. Check around your home and see if there is something that you owe that can be sold on eBay or locally at a yard sale. Take the proceeds from your sale and pay down your debt, starting with the biggest debt first.
4. If you do not owe a home, or the home you do own has negligible equity built up then you cannot get equity from your home. Still, depending on your income, you may be eligible for mortgage refinancing below market rates. Check with your bank or local housing authority to see if you qualify for a low or moderate income loan. The savings you realize through reduced mortgage payments may help you pay down your debt.
Finding debt reduction solutions that work for you is an important first step in eliminating debt. Make a plan and stick with it and you will soon be living a debt free/care free life.
About the Author
Mark Lambie is the founder of Fast Debt Settlement We provide a free service that matches you with debt consolidation specialists
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| Advertisements Promising Debt Relief May Be Offering Bankruptcy |
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| Welcome to Debt Relief International |
| Welcome to the web site of Debt Relief International. |
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| www.worldbank.org |
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| www.worldbank.org |
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| en.wikipedia.org |
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| Debt Analyzer, Debt Reduction Software, Home Page |
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| www.globalpolicy.org |
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| www.oxfam.org.uk |
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| What debt relief means for Africa | csmonitor.com |
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| www.csmonitor.com |
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