Although it would be wonderful if debt would magically disappear, the only way to get rid of it is to pay it off. Almost everyone has some sort of debt.
Although getting rid of debt is not as simple as accumulating it, there is a way you can put a stop to the downward spiral. There is a three step plan that can eliminate financial problems for everyone. The three steps to solving your debt problems include: inventory, prioritize, and rollover.
Take Inventory of All Debts Owed – Make a list of all credit cards, personal loans, student loans, car loans, etc. Next to each line item, list the interest rate and minimum payment required. After you have come up with all creditors, rewrite your loans in a different order. This time, line them up starting with the highest interest rate loan and ending with the lowest interest rate.
Prioritize Your Debts – The next step, is fairly simple because most of the work is already done for you. Each month pay only the minimum payment on every single loan except for the loan at the top of the list. The loan at the top has the highest interest rate, and therefore, is costing you the most unnecessary money. Every...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
