Reducing Credit Card Debt

Written by Neil Brown

Continued from page 1

A debt consolidation loan can be an excellent tool to assist inrepparttar reduction of credit card debt. Consolidation loans carry interests rates far below those of credit cards. Inrepparttar 147077 long run, a great deal of money can be conserved throughrepparttar 147078 use of a personal loan.

While in many segments of society,repparttar 147079 word "self restraint" is passť, out of style like last year's fashions. But, in reality,repparttar 147080 very best way of reducing credit card debt is through self restraint.

Of course, it is easy to bandy aroundrepparttar 147081 words self restraint and much, much harder to practice personal control.

Although it might seem comical onrepparttar 147082 surface, cutting up credit cards is a perfect first step to reducing credit card debt. No cards, no charging, less debt.

Many people leaverepparttar 147083 payment of their credit card accounts atrepparttar 147084 bottom ofrepparttar 147085 monthly bill pile. Other primary accounts -- rent, electricity, phone, andrepparttar 147086 like -- understandably take a higher priority over credit card bills. But, oftentimes a person will spend money on incidental purchases before taking on credit card balances. Inrepparttar 147087 end,repparttar 147088 credit card account may not be paid on at all or, if so, afterrepparttar 147089 deadline.

One way to ensure that credit card payments are made and one way to ensure that credit card debt is kept under some degree of control is via an automatic payment system on credit card accounts. A person's bank can arrange forrepparttar 147090 credit card account to be paid automatically each and every month.

By ensuring that at least a base payment is made on credit card accounts each and every month, accelerated interest rates and late fee penalties will be avoided.

Neil Brown contributes to personal finance sites such as uk credit cards and personal loans.

Ten Ways Of Financing Real Estate

Written by Steve Gillman

Continued from page 1

6. Seller-carried second mortgages. Some banks will allow you to have as little as 5% into a home purchase, but will then only loan you 80%. The seller can take payments on a second mortgage from you forrepparttar other 15%.

7. State housing programs. Almost all states have some sort of financing help inrepparttar 147055 form of a loan-guarantee program or outright loans for low-income buyers.

8. Family loans. It may not be out of charity that a brother or a friend lends yourepparttar 147056 money to buy a home. A 7% return might look awfully good if their money is sitting inrepparttar 147057 bank at 2%.

9. Manufacturer loans. Some manufactured-home companies are arranging financing with 5% or less down for their buyers. They must feel their money is secure, since a good modular on a piece of property is nothing like a mobile home on a rental lot.

10. Credit cards. This is a risky one, but if you have a low-interest credit card, you can use it to come up withrepparttar 147058 downpayment, especially if you can pay it off soon with a coming tax refund, for example. Banks generally won't allow this, but you can combine this with seller financing.

Are there more ways to approach real estate financing? You bet. This was just to get you thinking.

Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit

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