Do you find you
are sleeping less each night because you can't stop worrying
over your financial situation. Are the harassing collection
calls giving you gray hair. You know you are in debt but really
have no idea how to go about turning the tables in your
debt relief is a process by which you simply pay
your debts down progressively.
For instance, you may
have 5 credit cards with various balances. You pay the minimum
every month on each card, but the balances are not going down.
This is because your minimum payment is only covering the
interest. But you have options.
If you have made
all your minimum payments on time, you should call the credit
card company to ask for a lower interest rate. Which you will
only get if you have been paying the minimum due and have not
gone over your credit limit. You should do this for each credit
card. Just by lowering your interest rate, without reducing
your payment, you will start to pay down the
But what if you
have not been able to make the minimum due. You are accruing
late charges and penalties and your rate has actually gone up.
Then you may have to consider a debt
consoliadtion loan. One
loan, with a lower interest rate and monthly amount you can
afford. a division of Lending Tree is a great
source for this, they will search through many lenders for the
best rate possible.
You may even
consider a debt consolidation company that can handle all of
this for you. See if you can cut your credit card payments
by up to 60% or more! Get free quotes - No Obligation.
all made our financial mistakes. Sometimes it takes a
mistake to teach ourselves a lesson. But a few financial
mistakes do not spell the end of our financial