The best way is to pay off high-cost debt. Consider a situation where you are paying 25% p.a. or more on your credit card outstanding balance. If you are able to apply for a personal loan at 8% p.a., it would make sense to use it to help consolidate and pay off your high-co...
You need to decide how you are going to get out of debt in the long term. You may benefit from taking out adebt consolidation loanto clear your debts, and then just make one payment towards the loan. The advantages of this are: ...
Consolidate credit card debt. Reduce your monthly payments. Set a goal for paying off your credit card balances.One strategy is to divide your entire outstanding balance, including interest charges, by the number of months of promotional financing that your card offers. You can then pay off a...
A balance transfer credit card lets you consolidate your high interest debt under one account, often with a low introductory interest rate. In addition to possibly lowering your interest payments, debt consolidation with a balance transfer can help simplify debt management. Instead of having multiple...
72. Consolidate your student loans. Interest rates are quite low right now, so it might be worthwhile to consolidate your student loans into one low-rate package. Look into the various student loan consolidation packages – even a 1% reduction on a $10,000 loan saves you $100 a year – ...
that often the stuff there is junk. Thus,I’m careful about what I buy and I use clever tactics to find it – and lower the prices. That way, I wind up with a really big bargain – or else I can just walk away with the money in my pocket, having been entertained for a bit. ...