It is amazing to me so many individuals get into unmovable debt, but do not comprehend how they get in so deeply. The stories are all the same, even though the people are different.
I know it really doesn't matter how or why you got into debt. What really matters is what you do about it now, because whatever you've been doing isn't working to well. If your debt seems an unmovable foe, you will enjoy this article.
What creditors don't want you to know? This will be a mind blower to many of you, but creditors want you to manage your debt. Yep, that's right. They want you to pay that minimum payment as long as you can and just forget about that balance.
Understand this truth: Creditors are playing for the long term payoff. Just like casinos, they know if you play long enough the house always wins. Think about it an average home-owner in America will pay three times the purchase price of their home by the time it's paid off.
Have you signed a peace treaty with your debt? You must break the peace treaty and begin to fight. Your financial future is at stake. If you want to win the war on your debt, you must have a strategy of attack.
If you are treating your debt like you are at peace with each other, then you will be slaughtered on the battlefield of life. Debt knows it's at WAR, and it doesn't plan to lose.
The secret weapon of debt. Interest is the secret weapon debt holds on us all. Ask yourself why you only make one payment on your debts per month? Surly it would be smarter to make many payments. However, we get our bills in the mail only once per month so that is when we pay.
Oh I can hear it now, you are screaming at me. "Oh great now your telling me to get out of debt all I need to do is make extra payments! Uh, no promblem I'll just pull out the Monopoly money and hope no one notices!! I'm in DEBT. I don't have any extra money to make more payments!"
Well let me first say that I understand why you are yelling at me. Secondly, you can make extra payments. We all can. Just not the way you think. I'm not asking you to spend extra money, I'm just suggesting you make more payments with the same money.
Are you hearing me? What if you took that car payment divided it by 30 days? It would equal a 1/30th of your normal payment. Did you know 30 small payments per month, instead of just 1 large payment, will pay off your debt much more quickly.
I bet you didn't know that little truth. However, why would you know? The creditors sure aren't putting out books on how to defeat their secret weapon. This is just a very easy example of how you can start to attack your debt.
I know it really doesn't matter how or why you got into debt. What really matters is what you do about it now, because whatever you've been doing isn't working to well. If your debt seems an unmovable foe, you will enjoy this article.
What creditors don't want you to know? This will be a mind blower to many of you, but creditors want you to manage your debt. Yep, that's right. They want you to pay that minimum payment as long as you can and just forget about that balance.
Understand this truth: Creditors are playing for the long term payoff. Just like casinos, they know if you play long enough the house always wins. Think about it an average home-owner in America will pay three times the purchase price of their home by the time it's paid off.
Have you signed a peace treaty with your debt? You must break the peace treaty and begin to fight. Your financial future is at stake. If you want to win the war on your debt, you must have a strategy of attack.
If you are treating your debt like you are at peace with each other, then you will be slaughtered on the battlefield of life. Debt knows it's at WAR, and it doesn't plan to lose.
The secret weapon of debt. Interest is the secret weapon debt holds on us all. Ask yourself why you only make one payment on your debts per month? Surly it would be smarter to make many payments. However, we get our bills in the mail only once per month so that is when we pay.
Oh I can hear it now, you are screaming at me. "Oh great now your telling me to get out of debt all I need to do is make extra payments! Uh, no promblem I'll just pull out the Monopoly money and hope no one notices!! I'm in DEBT. I don't have any extra money to make more payments!"
Well let me first say that I understand why you are yelling at me. Secondly, you can make extra payments. We all can. Just not the way you think. I'm not asking you to spend extra money, I'm just suggesting you make more payments with the same money.
Are you hearing me? What if you took that car payment divided it by 30 days? It would equal a 1/30th of your normal payment. Did you know 30 small payments per month, instead of just 1 large payment, will pay off your debt much more quickly.
I bet you didn't know that little truth. However, why would you know? The creditors sure aren't putting out books on how to defeat their secret weapon. This is just a very easy example of how you can start to attack your debt.
About the Author:
author Micahel Klein will help you get out of debt. Please visit Uwin Financial and get your complimentary debt analysis and start living your life again debt free.
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