Smack Debt Consolidation Services

Monthly minimum payment
Your monthly minimum credit card payment on all your credit card accounts, exceed your current pay by 15%. Debt experts recommend your debt and income ratio exceeding mortgage or rents should be 30% or less of your gross income.

Revolving accounts
If you are not able to pay your bills on time, you need to start working on managing your debts before it gets out of hand. It is time to cut down your expenses and live within your means.

Maxed out on credit limits
Maxing your credit limits in a big no-no. Maxing your credit limit lowers your credit score. Besides, you may have a tough time getting a loan or mortgage in the future until your current debt issues have been resolved.

Cash advance to pay credit card debt
Cash advance to pay off your credit card debt is not a good move. You are simply revolving your debt instead of paying for it. Besides, you will pay for cash advance fees and interest on both the accounts.

If you start to notice any of the above debt problem signs, it is time to take a hard look at your overall expenses. Follow a good budget and you will be on your way to pay off your credit card debts.

 Subscribe in a reader | Service providers | Back to blog for recent articles
Bookmark this page | Search this site | E-mail a Friend


Enter your email address for free subscription. Smackdebt has a no-spam policy.


Delivered by FeedBurner




Recommended reading
1. How to set and achieve a debt free goal
2. How to make big money on Foreclosures
3. Debt consolidation faq
4. Refinance Companies And Refinancing Solutions
5. Bad credit debt consolidation loans
6. Finding The Best Car Insurance Deal For Your Needs
7. How to choose a credit card
8. College Loans - Knowledge is Power
9. 10 steps to financial freedom
10. Should you use a credit counseling service


Debt Consolidation Home » Articles » General

Debt Topics