I have heard about doing it this way and I have a question. What happens if you get a new bill, let’s say a dr.’s bill, and it’s smaller than the one you’re currently working on? Do you stop making extra payments to the one you re currently working on and start at the bottom… Read More »
1. List out your debts from smallest to largest. 2. Pay only the minimum on all except the smallest; apply any “extra” funds to the smallest debt until paid off. 3. Once paid off; take the money you were applying monthly to the first debt and start applying it to the next in line. 4.… Read More »
A few months ago my husband and I wrote down EVERY PENNY WE SPENT and where we spent it for 30 days. What an eye-opener! The amount of money spent on sodas, cups of coffee, bagels, lunch and snacks bought at convenience stores was staggering! We have since adjusted our spending in the areas we… Read More »
Keep in mind too that when you use a debt service, though they help you pay your bills off, it will still reflect negatively on your credit as “not paying as originally agreed” type of a thing. I would just say work as hard as you can to pay them down on your own before… Read More »
Hi All Thank you for your caring advice. Yes I did slow down on my spending here and there and also cut down on my food by baking and making more things at home. It helped, I pay minimum payments. However, I from time to time go to Thrift store to buy my son cloths… Read More »
Hi I am new here and am looking for lowering my bills too. Almost applied for one debt counseling, but like you say…”they want my money too”. …(15pages) and it shows that they get paid $4K and my bill are paid the rest. Found an Advice/Warning page on this; http://www.rlrouse.com/debt-settlement.html Most debt settlement companies will… Read More »