Best Ways to Settle & Eliminate Credit Card Debt FAST:
1. Hire The Best Debt Settlement Company
2. Do It Yourself Debt Elimination
My company has around $80,000 in accumulated debt and I need assistance in paying it down without doing anything to jeopardize my credit. Does anyone have any legitimate advice or possible solutions?
I feel your pain.
My company is trying to pay down over $1.5 million in debt.
The building is worth less than we owe, and we’ve been paying for 6 years.
I have managed (somehow) to reduce our debt, here is what I did:
Write down every single debt total, the interest rate charged and minimum monthly payments.
Add up your minimum monthly payments and see how much that is.
Figure what you can pay extra (I started out paying $500 extra a month, plus minimums).
Send the minimum to all, then to the debt with the highest interest rate, send the minimum PLUS the $500.
Once that debt is paid, take the entire payment (minimum plus extra) and send to the next highest interest rate debt.
You will be amazed at how quiclkly you can improve your profitability by getting out from under the high interest rates.
Good luck and I hope the economy doesn’t do to you, what it did to us, which is eat more money and keep us from sticking to the budget.
Oh yeah, DON’T TAKE ON ONE MORE DIME OF DEBT. Do without before you agree to pay yet another bank more money.
I feel your pain.
My company is trying to pay down over $1.5 million in debt.
The building is worth less than we owe, and we’ve been paying for 6 years.
I have managed (somehow) to reduce our debt, here is what I did:
Write down every single debt total, the interest rate charged and minimum monthly payments.
Add up your minimum monthly payments and see how much that is.
Figure what you can pay extra (I started out paying $500 extra a month, plus minimums).
Send the minimum to all, then to the debt with the highest interest rate, send the minimum PLUS the $500.
Once that debt is paid, take the entire payment (minimum plus extra) and send to the next highest interest rate debt.
You will be amazed at how quiclkly you can improve your profitability by getting out from under the high interest rates.
Good luck and I hope the economy doesn’t do to you, what it did to us, which is eat more money and keep us from sticking to the budget.
Oh yeah, DON’T TAKE ON ONE MORE DIME OF DEBT. Do without before you agree to pay yet another bank more money.
References :
Get a partner. In exchange for the $80K, he’ll own part of the business. Not great, eh?
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