By Bryan on April 9, 2010
My initial response is an immediate and emphatic, “NO!” However, it may be worth it to transfer your credit card balance to a lower rate while you pay it off if you follow the necessary 3 Rules of Transferring.
The main reason I say no is because your credit card debt transfer can be used as [...]
Posted in Getting Out of Debt, SS 2 - Eliminate Credit Card Debt | Tagged credit card debt, credit card transfer, get out of debt, Getting Out of Debt, how to negotiate credit card interest rates, teaser rates
By Bryan on January 22, 2010
Should I sell my company stock worth $1000.00 to pay down credit card debt? I have $6000.00 in credit card debt and am putting $800.00 of my buffer into this each month.
This is an excellent question and first of all, awesome job on the buffer of $800.00! This hunk of money will follow you through [...]
Posted in Getting Out of Debt, Phase 1, SS 2 - Eliminate Credit Card Debt | Tagged buffer zone, christian finance, eliminate consumer debt, eliminate credit card debt, financial peace, JAM Interactive Budgeting Program, raising $1000, sell company stock, spending fast
By Bryan on December 17, 2009
Two primary reasons:
Your credit card debt holds no value to you and your family. At least you have a car to back your car loan, and even an education to back your student loan. No, your memories from your trip to Europe that you put on your credit card hold no value to you and [...]
Posted in Getting Out of Debt, Phase 1, Simple Steps, SS 2 - Eliminate Credit Card Debt, SS 3 - Eliminate Consumer Debt | Tagged how to negotiate credit card interest rates, negotiating interest rates, Why tackle credti card debt
