Comments on: Super Simple Method for Debt Reduction http://www.bloggingawaydebt.com/2007/02/super-simple-method-for-debt-reduction/ Our Journey to a Debt-Free Life Sat, 07 Nov 2009 20:44:47 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: NCN… Guest Author To The Stars http://www.bloggingawaydebt.com/2007/02/super-simple-method-for-debt-reduction/comment-page-1/#comment-133791 NCN… Guest Author To The Stars Tue, 04 Sep 2007 17:04:25 +0000 http://www.bloggingawaydebt.com/2007/02/super-simple-method-for-debt-reduction/#comment-133791 [...] I wrote an article about Super Simple Method For Debt Reduction over at Blogging Away Debt. [...] [...] I wrote an article about Super Simple Method For Debt Reduction over at Blogging Away Debt. [...]

]]> By: debtonator http://www.bloggingawaydebt.com/2007/02/super-simple-method-for-debt-reduction/comment-page-1/#comment-23754 debtonator Wed, 21 Feb 2007 20:03:46 +0000 http://www.bloggingawaydebt.com/2007/02/super-simple-method-for-debt-reduction/#comment-23754 The solution to Quang's problem about missing payment deadlines is to enter a monthly reminder into a desktop But if you have lots of debt where scheduling payments (car, mortgage, credit cards, student loans, alimony, etc.) becomes a full-time job (or a mission like Tricia's), you might consider a complete liability portfolio management service that's now coming onto the market. Without an upfront fee, you get an assessment of your cash flow, and provided you have consistent income, one fixed monthly payment is automatically applied for optimal elimination of the entire liability portfolio -- within 7-10 years. This is not debt consolidation which actually prolongs your debt and hurts your credit rating. Think of it like professional advice, much like a lawyer would provide for legal matters, an accountant would dispense on taxes, an insurance broker would offer for risk management or financial planner would give for managing your assets. The solution to Quang’s problem about missing payment deadlines is to enter a monthly reminder into a desktop
But if you have lots of debt where scheduling payments (car, mortgage, credit cards, student loans, alimony, etc.) becomes a full-time job (or a mission like Tricia’s), you might consider a complete liability portfolio management service that’s now coming onto the market. Without an upfront fee, you get an assessment of your cash flow, and provided you have consistent income, one fixed monthly payment is automatically applied for optimal elimination of the entire liability portfolio — within 7-10 years.
This is not debt consolidation which actually prolongs your debt and hurts your credit rating. Think of it like professional advice, much like a lawyer would provide for legal matters, an accountant would dispense on taxes, an insurance broker would offer for risk management or financial planner would give for managing your assets.

]]> By: Money Walks - Personal Finance » Links around the corner http://www.bloggingawaydebt.com/2007/02/super-simple-method-for-debt-reduction/comment-page-1/#comment-22803 Money Walks - Personal Finance » Links around the corner Wed, 14 Feb 2007 05:42:10 +0000 http://www.bloggingawaydebt.com/2007/02/super-simple-method-for-debt-reduction/#comment-22803 [...] Blogging away debt posts Super Simple Method for Debt Reduction. [...] [...] Blogging away debt posts Super Simple Method for Debt Reduction. [...]

]]> By: Quang http://www.bloggingawaydebt.com/2007/02/super-simple-method-for-debt-reduction/comment-page-1/#comment-22791 Quang Wed, 14 Feb 2007 00:58:00 +0000 http://www.bloggingawaydebt.com/2007/02/super-simple-method-for-debt-reduction/#comment-22791 About making all your minimum payments... last month I had a credit card bill of $20 minimum. I wanted to wait for this $150 in cash to come in from paypal, to pay a lump sum of $150 instead of 'just the minimum' But you kno what happened? I forgot that it was due by the time the lump some came to me! I was late, and was charge a $30 late fee! How pist was I? So i am going to pay the minimum early now. Thanks for the advice. =! About making all your minimum payments… last month I had a credit card bill of $20 minimum. I wanted to wait for this $150 in cash to come in from paypal, to pay a lump sum of $150 instead of ‘just the minimum’

But you kno what happened? I forgot that it was due by the time the lump some came to me! I was late, and was charge a $30 late fee! How pist was I?

So i am going to pay the minimum early now. Thanks for the advice. =!

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