We have a mortgage of $60K, credit card debts, 1 student loan, a land loan and about 10K worth of medical bills. What is the fastest, smartest way to pay off the other bills and leave us with the student loan and mortgage only? We're almost out of the land loan, we'll have it paid off in a month! But the others... what do I do to get them gone?
I was reading "money magazine" recently (I don't read it regularly, happened to pick it up because the cover story sold me).
Anyway, the recommendation I read was this: 1) pay off highest interest balances first - credit cards fit the bit here 2) pay off bigger chunks on those bills to get a better sense of accomplishment as you pay them, so that you'll be encouraging yourself to spend / save / and pay the bills wisely. 3) start & stick to a budget process - try to avoid unnecessary expenses...the example I've read a few times now has been starbucks lattes, and I know I'm guilty of that one. 4) pay off the low interest / tax deductible stuff last. That way, you get the biggest break on your taxes on your way to getting out of debt.
Good luck.
you should contact a qualified and dedicated debt consultant. they work with your creditor to reach mutually acceptable settlements that will save your money and time, and enable you to discharge your debt.
they helped my friend with her credit card debt and saved her from bankruptcy.
you should call Credit Card Relief toll free on 877-867-3090
You can go for a debt consolidation loan where you can consolidate all your debts into one single payment of your loan or you can go for a debt management plan wherein your debt counselor would provide you with a debt repayment plan according to your amount of debt and income.
why not ask for a goverment free money or grant?or student drant? its free in the united states as long as you are paying your taxes well and if you have a good record..just ask for a requirements about it.or kindly search on the web about grants.
