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Nesgroup address: misc.consumers.house - Date & Time for the message: Wed, 22 Jun 2005 21:52:54 -0700
/ Author of the message: Joshua Putnam |
Title of the message: |
Re: Credit Debt - What to do first?
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Text of the message: |
In article <HGkue.3608$7X1.2723@tornado.ohiordc.rr.com>, Want@ton.com says... > Hi - we are and have been totally slammed with debt. Our main problem is > that we are horrible at paying bills on time. We pay them but often late - > which acrues late fees and compounded interest. We do not want to claim chp > 11 but what should we do? I am at a loss and we are pretty much paralized > to seem to do anything. Have your payroll deposited into a separate checking account. Have your debt payments automatically withdrawn out of that account. After the debts are paid, transfer out some of what's left to cover expenses. When there's no money left, don't keep spending it. Liquidate assets and use the proceeds for principal repayment to get the monthly interest down. But don't reduce your monthly payments -- apply the interest savings to principal payments. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.