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Strategies for Eliminating Credit Card Debt

Strategies for Eliminating Credit Card Debt

Do you have a debt hangover? The excitement of a new purchase can often cloud our financial best judgement. Financial professionals unanimously agree that taking on credit card debt for discretionary purchases is a financial move that is almost always regretted. Often times emergency medical bills and car problems can result in burdensome medical bills. Follow these proven strategies from the financial experts to pull yourself out of credit card debt and on a path towards a sound financial future.  If order for any goal to succeed, there must be a plan. The plan needs to include actionable steps to reach that goal. There is no better time than today to formulate your plan and put it into action. Take charge of your financial future today. Eliminating credit card debt and forgoing credit card purchases requires self-discipline and delayed gratification. Make a commitment to see your goal through. You’ll never regret taking these steps.

The first step is to define your budget. Make a spreadsheet of all of credit card debts, include balances and minimum payments. List the in descending order from smallest balance to largest. Total the balance and minimum monthly payments. In a separate column, list all of your fixed expenses. This should include your rent or mortgage payment, insurance, utilities, taxes, internet and phone service. Include any student loan payments and car payments in this column. Total the monthly payments. Identify your total net, take home pay each month. Subtract the sum of monthly fixed expenses and minimum credit card payments from your net take home pay. This figure is your monthly discretionary spending amount. Gas, food, dining out, gifts and shopping are all discretionary expenses. In other words, you have complete control of how these funds are spent. It is from these funds that you will define an amount, in the following steps, to earmark towards credit card debt reduction each month. A great way to help lower spending, is using coupons. Groupon Coupons has many great deals that will help cut down on your …

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What is a Low Doc Loan and Why Should I Get One?

Home Loans & Refinancing

Low Doc Loan is a loan requiring minimal documentation sold by brokers as a middle-agent who helps in getting and giving out low doc loans from lenders to organization or an individual. Mortgage Loans basically involves the lending of loans with the view of acquiring properties /assets which involves non movable properties such as land and house.

Mortgage brokers are mostly known to work together with some banks in other to help secure and achieve a full secure loan to home buyers which enable a best deal be achieved by the buyers. Mortgage brokers pick up the space for mortgage fees which helps the mortgage brokers get paid.

When a loan is made a broker is paid, most low income earner with the view of accessing a loan from a lender or a bank might need a broker as they tend to get the buyer the offer which the bank rates are mostly reduced.
Low Doc Loan Benefitss

Although there are several benefits which you derive when choosing to use a mortgage broker. These involve:
A very fast rate transaction; Most buyer’s interest often dies off when the processing time of acquiring property seems very long and slow which most end up waiting for the completion money before request for the purchase of a property. A low doc loans co tends to ensure a very fast conclusion of the buyer’s choice and the lender’s terms.
Provision of a pro advice; Low doc loans co  helps in advising and putting buyers on a right track by exposing them into things most don’t look out for. Mortgage broker uses here their experience in the industry to help set new buyers a good step in acquiring properties of their dreams and wants.

Giving out a wide range of options; Buyers are given a wide range of options to select in other to get their desired wish on how to pay the buyer and the kind of properties to be purchased. The payments options are set in a way which helps to suit a …

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