rebuild credit rebuild credit rebuild credit

Rebuild Credit from the Black Lagoon

We’ve all done it, or most of us. Our society is plagued by the need to keep up with the jones’. We want bigger, faster and sexier toys. But we often forget that these toys can amount to tremendous debt. Before you know it, you have unbearable credit care payments at frightening interest rates. This can feel like a never-ending cycle.

 
But you can regain control. Follow these small but measurable tips to help climb your way our of the debt trap.
 
1. Stop charging. Credit card borrowing is one of the most expensive forms of debt. Pay at least twice the minimum payment each month to your credit card bills. Then make purchases only in cash until they’re paid off. Learn to live below your means.
   
2. If you have more than one credit card, pay down your highest interest card, first. Work to zero them out one at a time.
   
3. Cut expenses. If you track expenses, look at where you spend the most money each month. If you don’t track expenses, start listing what you spend, and where. Most people can cut their cable bill by reducing their plan, avoid restaurants and prepare economical meals at home.
   
4. Get a part-time or holiday job. Use this income only toward credit debt.
   
5. Carpool, bike or walk to work or school. With gas prices skyrocketing and no end in sight, families across the nation are taking drastic measures to reduce their fuel intake. So you won’t be alone.
   
6. Allow magazine and newspaper subscriptions run their course. Then don’t renew. You’d be surprised at how much money can pile up on your coffee table.
   
7. Turn the air or heat down during peak months, use the dishwasher, clothes washer and dryer with full loads only, as infrequently as possible.
   
If you find it’s difficult to make these changes, remind yourself that its only temporary. Once your debt is paid off, you’ll have that much more money at your disposal – plus interest.
Receive an more article like this from http://Articles.Vasrue.com

Add to Google Add to My AOL

Subscribe to Finance Articles by Vasrue.com

Enter your email address:

Delivered by FeedBurner

 
For more great articles on this subject, come back to Vasrue.com. Articles are published weekly on Travel, Real-Estate, E-business, Credit and a host of other great topics.
 
In an effort to support other webmasters, Vasrue.com is offering each article through RSS feed free of charge. Now newspapers, ezines, magazines and independent websites can effortlessly integrate fresh, captivating content in no time. Each article is available for PDF download, RSS feed or browser printing.
 
 
Materials may not be sold, modified, or altered without written permission from Vasrue.com. Articles may not be used within unsolicited emails or spam. This Article may be reproduced, distributed, published, transmitted and/or publicly displayed in whole or in part, as long as the article and resource box remain unchanged.