101 Credit Debt Finance

How These 3 Simple Steps Can Help You Eliminate Your Credit Debt Finance Problems!

Everyday we are constantly reminded about such things as investors trying to get relief from the subprime mortgage debacle or how the Feds are going to cut the prime interest rate.

In reality it hasn't helped us consumers one darn bit! We still lay awake at night worrying about how to pay our bills so we can feed our family? We still get nasty phone calls from the bill collectors!

Don't be left in the dark thinking that you cannot control your debt problems because that's absolutely not true!

WHY YOU NEED THIS INFORMATION?

It is estimated that over 100 million Amercians have some kind of credit problem. Blame it on the economy, your boss, your spouse, your loss of employment or some major financial crisis BUT in reality, you need to get it under control, right?

Here's the deal:

The average American household has a credit card balance of $8000. You might be thinking that this is not much, right? Well...did you know that it will take you 25 years and 7 months at minimum payment to pay this single debt off AND you would pay a whopping $15,432.00 interest alone.

Add that to your $8000 and you now have a total of $23,432.00!

Now let's reverse this scenario:

What if instead you paid $218.00 month into an investment plan with an average of 12% minimum of over the next 25 years, guess how much you will earn?

$1,354,930.00

Wouldn't you rather do that?...I thought so, but first let's get rid of that debt!

ACTION STEP 1 LET'S GET STARTED...

It is important that you first start with your credit report because it will show your credit history being reported to the 3 main credit reporting agencies, Transunion, Experian and Equifax. With this report you can actually see what is accurate or inaccurate in your credit history.

ACTION STEP 2 MAKE A LIST OF YOUR CREDITORS...

Make a list of your creditors. Do a simple Ben Franklin 2 or 3 column spreadsheet. It doesn't have to be fancy. Go get a plain piece of paper or a yellow legal note pad will do.

Go ahead get it now!

Make a 4 columne list with your creditors on the left, then account number, next to that put your total outstanding balance and the last thing is to put your average monthly payment. That should be your first row. Start the next row...

Now add everything up. SHOCKED? Good, welcome to reality.

ACTION STEP 3 LET'S GET A CREDIT REPORT...

First you should Get your FREE credit score and more!

Here's why....

Whether your goal is to fix your credit to get the best mortgage or to pay off all your bills and never use credit again, you will always need to know credit score. Another important reason is that other industries such as your insurance, future employers and even landords are now rating you according to your fico score.

Become Debt Free!

Get started now and review your credit report personal information that will help you in your goal. TIP: Order your credit report. You need to see the good, the bad and the ugly. After all how would you know where to begin!

Get your FREE credit score and more!

Now you have the basis of your plan. To keep track of your progress and be in control you need to go through and review this website. You'll find tips and ideas that will help you personalize your plan. Look at the left column and click on the various topics. Inside you will be directed to various articles and step by step how to's.

Our goal hear at 101 Credit Debt Finance is to show you how to AVOID wasting money from promises that many of these services will never follow through with! Make sense?

Challenge yourself to FIRST. Take stock in what you owe and can payoff. The hardest part of this plan is for you to take action, sit down, put a piece of paper in front of you on the table, pull out a pencil and start making a list!...AND you've already completed that, CONGRATULATIONS!

Side Note: If you'd like to get a more step by step plan to eliminate your debt in 7 1/2 years, Click On This Link Now!

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