Reducing Credit Card Debt Using The Snowball Method
Posted by StudentLoan on August 16th, 2010 | 22 comments
Learn how to revoke your credit mark debt quicker regulating the Snowball Method. Visit www.debtopedia.com for some-more beneficial inform as well as to get the giveaway duplicate of my special inform “The Secrets of Credit Card Debt”
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This method will work fantastic provided you have the extra money to get it started. When I was in debt that was the problem…no extra money. I found the company in my profile link and they helped.
Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet bailouts were rigged and a fraud, market manipulation,
high freqency trading, flash orders, naked small selling.
Goldman, JPM, Cit, MorgStanley, Aig, The Fed, Bernanke, Geitner: frauds
Our jobs exported and Your labor devalued to Zero. Walk away from your
mortgage and CC cards. Buy local mom and pop and load up on silver bullion.
Take action, protect yourself.
If you thirst for the truth, you take the red pill
Listen! this is basic, if people really take notice of this, then they nedd to see there doctor.
…………………..excellent ….there is a dim light at the end of the tunnel….been a pennys customer customer for many many years excellent credit….two days late… 39.00 late fee… i cut the card into a million bits…need some new t shirts…well it will not be pennys….an 80 dollor shoes an dishes ….with the dreaded lables MADE IN CHINA…….39 dollors late fee….im mad…… i NOW drive right by your door……..a very ancient customer…N O MORE john locke lyric pines
dont pay themworksforme
Really agree…why does anyone need more then 1 credit card??? found a fantastic article the other day, its on a site called Cahs Doctors, click on resources then articles and read ppl……
10 points for you.. you have the answer.. so why does the rest of america seem lost???
one card use it – pay it off……
the real problem is people that have multi-credit cards.. WHY?
stop it.. one card use it pay it off..
BUT only use it for the things you Must use a credit card on… like hotels or car rentals… anything else – CASH!!!!!!!!!!!!
try it.. it’s really fun!
Pay off your credit card debt by cashing in your investment one week before your credit card low interest rate expire!!!
KITE the credit card companies before they get all absorbed (nationalized) therefore before government finds a way to pin you down to your debts for life
KITE the credit card companies!!!
1. apply for another card at the same credit card company (ensure card 1 is fully paid)
2. the ‘new’ card will carry a minumum of $ 5,000 credit limit
3. question the credit card company to ‘consolidate’ card one credit limit onto the newly issued card two
4. close down card one
I was able to increase my $ 50,000 maximum credit available to a whooping $ 75,000 … used it to pay off ‘purposely made debt’..which I use to invest
a a high rate at another bank
KITE the credit card companies!!!
1. use low introductory rate (0.9%) offers to your advantage
2. ensure you set monthly payments to ‘automatic’ payment
3. use the credit available to pay-off ‘purposely made’ debt
4. pay ONLY the minimum amount
5. withdrawn from Bank ‘A’ line of credit, paid off thru Bank ‘B’ issued credit cards…
6. invest the withdrawn amount at Bank ‘C’ at 4.1 %
7. before the low rate offer expires, pay it off by withdrawing from your investment
Yep just look at youtube user Revotime2009 credit card debt solutions
Check out Revotime2009 credit card debt power point on youtube here. Thats were I started getting these thoughts. I couldn’t agree more with the guy who made it. I sent the notes too I swear to god. It felt fantastic to fight back And I’m going tp keep doing it. The people who work at these credit card companies deserve to at least be uncomfortable about what they are doing and know they are despised.
YES YES YES.. U THA SHIT!!!
seven six seven , NO ! how small sighted of you … why even pay them off at ALL ? what kind of advice are you trying to give people ? it’s unsecured debt , that means they can’t do JACK to you .. and folks , DING DONG your credit score means SQUAT because the banks aren’t lending and won’t be for a long long time , this is a depression , not a recession , see my video called “default on your credit cards “
Don’t take shit from your credit card companies. Send them notes that say “fuck you for trying to keep me in debt” etc with your payments that you send in. These greedy bastards tell you to pay your bill and then set the rules in opposition against you doing that. Its crazy and we don’t have to take it. Just stop paying them until they allow you to pay off your debt in a reasonable manor. If we all stood together they would be forced to change. Fuck all greedy people of the world!
It’s pretty simple really….
Step 1: Pay minimum payments
Step 2: Pay highest interest card
Step 3: When only one card is left to pay off, cut up the other ones
Step 4: Don’t use your card unless you will have the money to pay for it before the interest free period expires.
Never have more than one card!
The lowest balance? What I read is you pay of the card with the highest interest FIRST. That way your not paying that high rate for a longer period of time! As you decrease the amount owed your min balance to pay goes down. The trick is do NOT lower you payment. Pay above what is required always at anytime. Do not miss min balance payment on others. To avoid penalties. And call creditcards to get lower interest. Go to a credit council place all into one payment.
John Cummuta Method:
Since Card # 2 has the highest balance, it should also have the highest priority.
Like in billiards, Card # 1 is a lot like the ball next to a pocket already.
Take 10% of your monthly income and add it to whatever minimum, in this case $125.00.
Add that amount(10% of monthly income) to $125 after paying Card # 2 off to Card # 3.
For the sake of (C)redit (T)o (I)ncome, it is ideal to leave at least two credit cards at %50 balance.
Excellent stuff for the ones that have no clue.
The last step of paying off the cards with the highest interest is to be disregarded if you transfer all your credit debt to 0% creditors. You must first do this first so that 0% is your edge on the credit card companies.
If you transfer your debt to a 0% card for one year, the snow ball method is pretty darn excellent. Most credit card companies want to take your debt and give you 0% for a year if you switch. You must have discipline for it to work.
i didnt need him to tell me that!!!!!!
While paying off card #1 and 2, you forgot to include the minimum payments for the remaining cards in the overall monthly payment.