Managing Debt Gather your recent account
statements from your credit cards and other debts.Review your
interest rates and finance charges you are currently paying on
Take a good look at your home budget or your spending habits.
if you don't have a budget yet.Think about not using credit on a
regular basis and what changes you might be willing to make to
improve your financial situation.
MORE ABOUT DEBT AND YOU
Debt comes in many forms, and most types help us in our daily
lives -- when used responsibly. Most people cannot buy a home
without some help, and many cannot buy a new car without some sort
of credit financing. The money borrowed to purchase large-ticket
items is called installment debt: The debtor pays a portion of the
total at regular intervals over a specified period of time. At the
end of that time period, the loan with interest is paid off.
WE LOVE OUR CREDIT
Americans love their credit. It’s estimated that each U.S.
credit card holder uses up to 3 bank cards, 2 debit cards, and 4
retailer credit cards at any one given time. That’s a whole lot of
plastic to carry around! And Americans are relying on their credit
cards more heavily than ever before. If you’re a cardholder in
America, you might have wondered how your situation compares to
the national average. How much debt does the average card holder
carry? How much do they pay off each month? What the most common
credit card interest rates?
With some facts and figures from Citigroup and the Federal
Reserve, you can see just how your debt compares to others. You
might be a typical US cardholder if
…you have 8 or 9 credit cards in your wallet or purse. …your
cards have an interest rate of 14.73% or higher. …you use your
credit cards to pay your bills.
Don’t forget that your bank
can also be a helpful in eliminating credit card debt. You can
take out a personal loan to pay off your credit cards debt. That
loan will be repaid at a much lower interest rate than regular
credit card payments. Just make sure to use a lender you can
The majority of American's carry some sort of credit card
debts. Unfortunately, many of us carry so much credit debt at such
high interest rate that it becomes very difficult to make a
difference in the dollar amount we owe, even when we send a
payment to the credit card company each month. We just Fall behind
more and more and it just makes it worse, they tack on more late
fees and finance charges and add them on to your next card
statement- and often late payments will result in an increase in
your overall credit card interest rate. High interest rates add up
quickly and result in our monthly credit card payments doing
little or nothing to reduce the massive balance you have aquired.
It's a repetitive cycle that can be difficult to get out of.
One way to get out of the credit card game is, if you are
currently a homeowner, you can obtain a home equity loan and use
it to pay off your high interest credit card debts. Homeowners can
take home equity loans to eliminate high interest debt and make it
easier to pay your monthly expenses?
Christian debt consolidators
Do you feel that your debt can be a real moral issue to you? We
emphasize that you need to do more than just eliminating your
current debt situation, you must face your debt problems and start
to live within your financial means. Only then can you get out of
your financial debt, and stay debt-free.
Many Christians seeking debt assistance prefer working with
Christian credit counseling companies that share their moral
values and principles. Christians know they can trust them to
offer honest faith-based guidance for their Debt problems
Many Christian debt counselors are non-profit institutions.
They are dedicated to relieving people of the anguish and shame
that financial debts causes. Christian Debt Consolidation
Companies combine faith-based guidance with financial guidance in
order to help their clients eliminate or greatly reduce their
overall Debt situation.
about Christian Debt Consolidation Loans
Refinancing Home Loans Currenty headlines say " Apply
for a mortgage today, compare home loan programs and rates,
refinance your current mortgage, and consider a home equity loan
or line of credit".
Consumers beware of Home Loans and Refinance Loans
Many find that Refinancing your home loans can be a
stressful time for most homeowners with good credit or bad credit.
If you are having problems with poor credit and have a more recent
bankruptcy on your credit report there are a number of things you
can do to improve the mortgage refinance interest rate and
Here are 3 things you can do to start helping with your credit
1. Order and Review Your Credit Reports through the Credit
2. Build a Favorable Credit Payment History Be on Time with
3. Shop for the Best Mortgage Refinance Lender with the Lowest