Strategies To Reduce Your Monthly Bills
Monthly bills have you dazed and confused? This site can help save your sanity and some of your hard earned money. From credit card debt, insurance premiums, mortgage refinance and home equity loans, and transportation costs. Explains how to reduce credit card debt and where to turn in case you are over your head. If your are in serious credit card debt and are late on payments and have creditors calling, there is help available. Credit Counseling Center of America is a non profit organization that helps people reduce or eliminate unsecured debt, personal loans, and medical bills. CCCA does not loan money, the simply consolidate your loans and negotiate lower interest rates with your creditors.
Your participation in CCCA will help restore your credit rating by:
*Bringing past due accounts up to date
*Stopping creditor harassment
*Keeping payments current
*Settlement of seriously overdue and delinquent accounts
*Over-the-limit and late fees are absorbed
Another way to reduce interest charges is to take out a Home Equity loan on your house. Home Equity loans have a much lower APR thus reducing your payment. You can lengthen the term to 10 or 15 years so so you will have a very small payment. If you do this, do not charge the credit cards back up to MAX. You may also opt to take out a debt consolidation loan from your bank if you dont own a house.
Be careful of credit repair scams and credit "doctors" that claim to "repair your credit" for a fee. No one can repair credit. Negative information such as charge-offs, late pay, slow pay, abandonment and no pays can (and will) stay on your credit report for 7 years. There is no person or company that can remove this information from your credit report, except for the lenders who filed the derogatory information. A credit report cannot be changed or altered, however, bringing your accounts up to date restores your credit. You are the only person who can restore your credit, and there is never a fee for restoring your own credit.
If you budget accordingly and can make the payments or your own, or if your choose to go with a non-profit debt consolidator, be sure that you never again allow yourself to become a slave to your debts! Always pay by cash or check. If you must make a credit card purchase, write a check for the amount and send it to the credit card company the same day.
Download the Financial Fitness Fact Sheet for furthur help in budgeting your credit card debt. .
Managing Director of Reviews, LLC. College graduate of SMU with major in Marketing. Primary objective is to educate and inform the global community of Internet Marketing Strategies and income possibilities as well as intricacies of personal finance.
