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When our debts get to be out of control or when they are
still in control, but we just have lots of different debts
from different companies; it can be confusing who to pay first.
Our first
rule is to always pay credit cards first. Credit cards usually
have higher interest rates, which means they will take longer
to pay off.
If you
have many credit cards with large balances learn to phone
the credit card companies and negotiate for better interest
rates, or look for credit cards with the lowest rates and
apply for them and switch your balances if you can pay them
off right away.
In our
book "Win The Debt Game", we have a cool formula
to figure out and list which debts you will pay first to last.
Go to
consolidate
debt to learn the formula.
Yours
in Financial Health
Larry,
Alan & Ward
questions@winthedebtgame.com |