Comments on: Payoff Your Credit Cards – But Set the Stage FIRST http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/ Careers, Business Ideas, Money and More Fri, 10 Feb 2012 14:34:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Michael @ Credit Card http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/#comment-23937 Michael @ Credit Card Thu, 14 Oct 2010 23:17:47 +0000 http://outofyourrut.com/blog/?p=1257#comment-23937 @Kevin: I agree with you man, it is still the best to use your debit card rather than using your credit card, no interest to pay and the best of it was no headache will arise if you over purchase on your credit cards. Though this article is great, that teaches us how to use our credit card wisely so we can set plans on paying them on time. @Kevin: I agree with you man, it is still the best to use your debit card rather than using your credit card, no interest to pay and the best of it was no headache will arise if you over purchase on your credit cards. Though this article is great, that teaches us how to use our credit card wisely so we can set plans on paying them on time.
Michael @ Credit Card´s last [type] ..Sainsburys Bank

]]> By: Kevin M http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/#comment-14004 Kevin M Tue, 10 Aug 2010 20:49:11 +0000 http://outofyourrut.com/blog/?p=1257#comment-14004 Mary - That's why I prefer using cash or a debit card. There's no expense carryforward into the next month when you leave the credit cards home at shopping time. Mary – That’s why I prefer using cash or a debit card. There’s no expense carryforward into the next month when you leave the credit cards home at shopping time.

]]> By: Mary http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/#comment-13986 Mary Tue, 10 Aug 2010 16:40:06 +0000 http://outofyourrut.com/blog/?p=1257#comment-13986 Many people come end of the year they find that they need this and that item. They forget to note that credit card is debt and you will pay it off with a price. Discipline yourself and don't over spend if you dont know how you will emerge from the situation. .-= Mary´s last blog ..<a href="http://feedproxy.google.com/~r/Joyinsidekenya/~3/iT2eX5-ikyY/credit-cards-how-to-pay-creditors-fast.html" rel="nofollow">CREDIT CARDS HOW TO PAY CREDITORS FAST</a> =-. Many people come end of the year they find that they need this and that item. They forget to note that credit card is debt and you will pay it off with a price. Discipline yourself and don’t over spend if you dont know how you will emerge from the situation.
.-= Mary´s last blog ..CREDIT CARDS HOW TO PAY CREDITORS FAST =-.

]]> By: Kevin M http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/#comment-12595 Kevin M Wed, 21 Jul 2010 18:16:23 +0000 http://outofyourrut.com/blog/?p=1257#comment-12595 Jeff - Very good point, credit is not the same as money. Credit has been so streamlined in recent decades that it's really hard to tell the difference, and it is significant. No doubt that's both how and why so many people got so deep in debt. Jeff – Very good point, credit is not the same as money. Credit has been so streamlined in recent decades that it’s really hard to tell the difference, and it is significant. No doubt that’s both how and why so many people got so deep in debt.

]]> By: Jeff S. http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/#comment-12593 Jeff S. Wed, 21 Jul 2010 17:59:52 +0000 http://outofyourrut.com/blog/?p=1257#comment-12593 Great article. It's key to control that credit card debt. Credit is not the same as money; guessing that's where people get the most hung up. Consider using the snowball approach to repaying debt - paying off those small debts with huge interest rates first, and then rolling the money into the other payments until it's all paid off. .-= Jeff S.´s last blog ..<a href="http://www.overturemarketplace.com/summer-scholarship-deadlines-get-these-at-the-last-minute" rel="nofollow">Summer Scholarship Deadlines- Get These at the Last Minute!</a> =-. Great article.

It’s key to control that credit card debt. Credit is not the same as money; guessing that’s where people get the most hung up.

Consider using the snowball approach to repaying debt – paying off those small debts with huge interest rates first, and then rolling the money into the other payments until it’s all paid off.
.-= Jeff S.´s last blog ..Summer Scholarship Deadlines- Get These at the Last Minute! =-.

]]> By: Jon DeGroff http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/#comment-10221 Jon DeGroff Thu, 10 Jun 2010 16:08:47 +0000 http://outofyourrut.com/blog/?p=1257#comment-10221 Great post, Kevin! It's so important to eliminate bad debt, and I find that so many people are so ambivalent towards it. They just think that it's a part of life and everyone lives that way. It's sad, to be honest. Keep up the great work! Jon DeGroff Great post, Kevin!
It’s so important to eliminate bad debt, and I find that so many people are so ambivalent towards it. They just think that it’s a part of life and everyone lives that way. It’s sad, to be honest.

Keep up the great work!

Jon DeGroff

]]> By: Kevin M http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/#comment-8615 Kevin M Wed, 19 May 2010 02:05:01 +0000 http://outofyourrut.com/blog/?p=1257#comment-8615 Yeah, we have to shift the "cushion" from credit cards to savings; until that happens it's too easy to be locked into the debt cycle. I really think that's how most people get into credit card debt, much more so than extravagent spending. Yeah, we have to shift the “cushion” from credit cards to savings; until that happens it’s too easy to be locked into the debt cycle. I really think that’s how most people get into credit card debt, much more so than extravagent spending.

]]> By: FinancialBondage.org http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/#comment-8614 FinancialBondage.org Wed, 19 May 2010 01:03:06 +0000 http://outofyourrut.com/blog/?p=1257#comment-8614 I know I want to get off of credit cards. I'm not there yet... if I can save up enough money so when the car breaks I don't need credit cards, then I'd be fine. That is where I am trying to get to. My credit card was $0 until the transmission needed an overhaul... $2700... then the big plumbing repair 5 months later to the tune of $522. I know I want to get off of credit cards. I’m not there yet… if I can save up enough money so when the car breaks I don’t need credit cards, then I’d be fine. That is where I am trying to get to. My credit card was $0 until the transmission needed an overhaul… $2700… then the big plumbing repair 5 months later to the tune of $522.

]]> By: Kevin M http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/#comment-6704 Kevin M Thu, 01 Apr 2010 12:01:19 +0000 http://outofyourrut.com/blog/?p=1257#comment-6704 Mike, be careful with that home equity line, in reality it's a credit card secured by your house. The 3.75% rate is excellent, but it can also be a snare, enticing you to borrow because it seems so cheap. You're on the right path with building emergency savings and carrying no credit cards! Mike, be careful with that home equity line, in reality it’s a credit card secured by your house. The 3.75% rate is excellent, but it can also be a snare, enticing you to borrow because it seems so cheap.

You’re on the right path with building emergency savings and carrying no credit cards!

]]> By: Mike http://outofyourrut.com/blog/2010/03/30/how-to-payoff-your-credit-cards/#comment-6681 Mike Thu, 01 Apr 2010 02:08:19 +0000 http://outofyourrut.com/blog/?p=1257#comment-6681 Recently, I incurred a $6,000 bill that I needed to pay quickly. Unfortunately at the time my only choice was to take out a cash advance on my credit card, at 24 percent!! Having a good credit rating, and equity in my home (that was purchased 25 years ago..) I was able to obtain a second mortgage / line of credit on my home a 3.75 percent. Now I have no credit card debt, and I plan on keeping it that way! In the mean time, I am putting at least $300 a month towards paying off the second mortgage. More when I can afford it! And all the while building up my emergency cash fund so as to ease the future surprises. Thanks for the post! .-= Mike´s last blog ..<a href="http://www.mikestechblog.com/joomla/operating-systems-section/microsoft-windows/107-how-to-boot-safe-mode-vista-windows-7.html" rel="nofollow">How to Boot Into Safe Mode in Vista / Windows 7</a> =-. Recently, I incurred a $6,000 bill that I needed to pay quickly. Unfortunately at the time my only choice was to take out a cash advance on my credit card, at 24 percent!!

Having a good credit rating, and equity in my home (that was purchased 25 years ago..) I was able to obtain a second mortgage / line of credit on my home a 3.75 percent.

Now I have no credit card debt, and I plan on keeping it that way! In the mean time, I am putting at least $300 a month towards paying off the second mortgage. More when I can afford it! And all the while building up my emergency cash fund so as to ease the future surprises.

Thanks for the post!
.-= Mike´s last blog ..How to Boot Into Safe Mode in Vista / Windows 7 =-.

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