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Debt Pay Down Adviser

September 8, 2006 by Leave a Comment

I found this very cool tool on bank rate. It will allow you to figure out how fast you can pay off all your debts using the Dave Ramsey style debt snowball payoff method. The tool is online and works very well. Many sites charge a monthly fee for this type of tool. The lynch pin to any debt repayment plan starts with a Budget, so before you start with this tool I would have at least down a very minimal amount of thinking around your family budget.

Debt Pay-Down Adviser
What’s the fastest and cheapest way to pay-down your debts?

If you’re looking to finally get rid of your debt, you’ve come to the right place. This debt planner will provide you with expert advice and a plan for paying off your debt. It will show you:

    * how to pay off loans quickly and at lower cost
    * which loans to pay off first
    * how much to pay each month based on your budget

Bankrate.com applications

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Get out of debt now

September 7, 2006 by Leave a Comment

If you want to get debt, you really need to want to get out of debt. It takes discipline and commitment to reverse the financial hole you have dug yourself in. Often people say they want to get out of debt but when it really comes down to it they don’t. What do I mean? Well if you really want to get out of debt you need to cut out cost and apply it to your debt. But many people don’t want to give up their “rented” life style.

Saying good by to cable or new shoes is hard to do! When the “pain” is great enough that is when people will take action. This article I found is very much like Dave Ramsey. It’s worth a read.

But it’s never too late to turn things around. First and foremost, be committed, says Howard Dvorkin, founder of Consolidated Credit Counseling Services Inc. and author of “Credit Hell: How to Dig Out of Debt.””People have to want to get out of debt. They aren’t going to get out of debt just to get out of debt, they have to want it.”

5-step emergency plan for dealing with deep debt (Page 1 of 4)

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