Posts Tagged ‘Debt management plan
Acts to Credit Card Debt
You have a load of debt, you must take care of it otherwise it will bite you. Now it’s the time to carefully evaluate your options before taking any action. We are going to use of a scale of 10 to weight the importance of each item. The goal on handling the debt is to keep the life moving (peacefully), and someday, DEBT FREE.
Make Minimum Payment
WEIGHT: 10
Minimum payment must be paid every month to prevent your credit score ruined. Mark the calendar for the due day and pay the credit card company on time. Chances are that with a good credit score you may get lower APR balance transfer offers from time to time, which may save you quite some bulks (some promotions can be 0% APR for one year). If you discontinue making payments, this will most likely result in lawsuits, repossession, and added stress while dealing with the collection calls.