Credit Card Debt: How to Get Rid of it.

Written by Greg Mee


Continued from page 1

Here's an example:

Let's say you have four, maxed out, credit cards. Each with a balance of $5,000 ($20,000 total.)

Sayrepparttar minimum payment on each card is $100 (yours may be different) making your monthly minimum payment total $400.

Now let's say you have $500 per month to pay these off, which you found through analyzing all your spending.

Card #1 hasrepparttar 150634 highest interest rate and you'll send $200 per month to that card and payrepparttar 150635 minimums ($100) on each ofrepparttar 150636 others.

And you're not adding any new spending.

The extra $100 you're sending in to card #1 goes torepparttar 150637 actual balance ofrepparttar 150638 card, notrepparttar 150639 interest. This will let you pay that card off a lot faster. You might be able to kill this card in two years, instead of 5.

Eventually, card #1 is dead. The entire payment, $200, that you were making to card #1 gets added torepparttar 150640 payment on card #2, for $300 total. ($100 minimum plusrepparttar 150641 extra $200 from card #1.)

The balance on card #2 will be less than $5,000 since you've been making your minimum payments all along. Addingrepparttar 150642 $200 from card #1 torepparttar 150643 payment of $100 that you've been making to card #2 will make this card go away much faster thanrepparttar 150644 first card did.

When card #2 is gone you takerepparttar 150645 $300 per month that you were paying to #1 and #2 and add it torepparttar 150646 payment on #3, which will now be $400/month.

When #3 is done you repeatrepparttar 150647 procedure for card #4, but now you're sendingrepparttar 150648 whole $500/month to that one card.

Obviously this system will take years, but atrepparttar 150649 end of that time you have:

* Four dead cards (hopefully you cut most of them up,) * Spending and budgeting discipline earned from going throughrepparttar 150650 whole process, and * $500/month to put into a savings account or where ever.

Good luck!

Written by Greg Mee. For more help on handling credit card debt visit http://www.1-credit-card-debt.com


Trusted Ways To Repair Your Credit.

Written by www.creditandyou.com


Continued from page 1

Credit Bureau must look overrepparttar item(s) that you say are not correct, typically within 30 days unless they consider your dispute frivolous. They also must forward all relevant information you send them torepparttar 150633 establishment (bank, credit card agency, etc.) that gave themrepparttar 150634 data for your credit report.

Afterrepparttar 150635 company obtains notice of a dispute fromrepparttar 150636 credit reporting agency, it must review and inspect all crucial information furnished and reportrepparttar 150637 resolutions back torepparttar 150638 CRAís.

Ifrepparttar 150639 information provider findsrepparttar 150640 challenged data to be incorrect, it must give notice to all nationwide credit reporting agency so that they can update this information in your credit report.

Challenged data that canít be corroborated must be removed from your credit report.

Inaccurate information must be updated byrepparttar 150641 Credit bureau.

Incomplete information must be changed byrepparttar 150642 Credit reporting agency.

Any account that belong only to another individual must be deleted byrepparttar 150643 Credit reporting agency.

NOTE: Credit repair can be long and boring,repparttar 150644 importance of understanding your rights cannot be stressed enough so be sure you take time to digest this information.

To find more easy steps anyone can take to restore there credit report and what to do fallowing the investigation visit http://www.creditandyou.com itís a absolutely Free information website!


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