September 4th, 2006 by mmarquit
One of the most common and flexible kinds of credit is revolving credit. This type of credit is convenient and can be rather seductive. Revolving credit involves a maximum amount that you can borrow, and as long as you pay it down, you can keep using your credit line. Revolving credit is desirable because you [...]
Relevant Tags: credit cards, credit score, debt elimination plan, home equity loans, revolving credit, revolving lines of credit
August 21st, 2006 by mmarquit
One of your main financial priorities should be debt elimination. Why? Well, the simple answer is that when you are in debt, you are paying other people for the use of your money. When you are out of debt and investing your money wisely, other people are paying you an interest yield, and you are [...]
Relevant Tags: building wealth, debt elimination plan, eliminating debt, financial priority, getting out of debt
August 9th, 2006 by mmarquit
When you rack it up, you are responsible for it. Getting out of debt can be very disheartening, and it does not help that there are plenty of people out there ready to take advantage of your situation.
Be wary of those who claim that you do not have to pay back debt. This is not [...]
Relevant Tags: debt elimination plan, eliminating debt, getting out of debt, interest rates, pay back debt
August 7th, 2006 by mmarquit
When it comes to just about anything to do with money, financial planning is a must. And this includes eliminating debt. Creating a debt elimination plan is essential to helping you overcome your debt problems and build wealth. A plan will help you figure out where you are and where you need to go. And [...]
Relevant Tags: build wealth, building wealth, debt elimination plan, eliminate debt, eliminating debt, financial planning
May 18th, 2006 by jhampton
Setting goals is underrated, especially when it comes to debt elimination. Eliminating your debt may take years, so you need to set concrete goals in order to stay on track.
TimeHow long are you giving yourself to pay off each, individual credit card? What about your car? Your home? You need to lay out a plan [...]
Relevant Tags: debt elimination plan, debt free, eliminating your debt, goal setting