Tuesday, September 9, 2008

Be Debt Free In Three To Five Years





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How Can You Get Out of Debt - Pay Off Higher Interest Rate Or Lowest Balance First?

So you have decided now is the time for you to get out of debt. You look at your list of bills and wonder where to begin. Do you work to pay off the account with the highest interest rate first or the one with the lowest balance first? There are many different opinions over which method is best to get out of debt, but the ultimate choice will depend on your financial situation and your goals.
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Get Out of Debt With These Three Easy Options For Debt Reduction and Elimination

Credit card debt reduction and elimination are more important now than ever before considering the rising costs of gas and other necessities. If you are one of the many people who want to get out of credit card debt, there are several options you may want to consider.
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Stop the Debt Cycle - Avoid Credit Card Debt With These 3 Simple Tips

When you are deep into debt and trying to dig your way out, one of the first actions you need to take is to stop the debt cycle and avoid adding more credit card debt to your existing balance. You work hard to pay the minimum payment due -- and hopefully pay some extra money towards the balance as well -- to bring your balance down but, then you end up charging purchases on your credit card and just increase the balance even more than it was before. Then the cycle of paying and charging repeats. At this rate, it may seem like an endless battle. However, the following tips will help you to break the cycle and become debt free.
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