11.26.2008
I learned how to negotiate a better interest rate…A few years ago, when I had over $15,000 of credit card debt, I was often negotiating with credit card companies to get better interest rates. I took a very active approach toward minimizing my interest expense on my debt and learning to negotiate with credit card companies was a key component. I am a big fan of the debt snowball method for getting out of debt and you actually can use this as another tool to speed up the debt reduction process.
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11.25.2008
How should I deal with my debt? I’m often asked what is the most important step in dealing with debt and the answer I invariably give is to start by getting visibility to what’s happening with your finances. About a year ago I had a conversation with a friend who told me that she and her husband had just been to see a bankruptcy attorney and that he recommended that they declare bankruptcy.
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