I used to have a companion who was literally sinking in a mountain of credit card obligation, but because of some advice he got from a financial wizard, he is now obligation free. I’m going to enlighten you regarding his credit card obligation restructuring scheme in a short while, but let me caution you that it will work only if you take ACTION!
I can’t stress this enough. Many of us will in general forget that nothing moves unless we take action. We have all been done that road of procrastination day-in-and-day-out, and yet we haven’t gotten any wiser as the years passed. So, I repeat, you must take action to see tangible results.
All right, here is his secret – he paid off his card obligation by being thrifty and transferring his colossal balance to another one. That’s it, that’s how he restructured his obligation and came out smelling like a thousand roses.
It is basically a two-step process – (a) determine those areas which you have been spending recklessly, and (b) search for a credit card company which can give you the best deal under your prevailing circumstances.
The first part, your total outstanding, is of course the easy part, right? All you have to do is take a close glance at your credit card monthly statement and you will know how much you owe.
But to make your restructuring exercise cruising at top speed, you should uncover further and find exactly how those debts were incurred in the first place. Write them down and think about them. Ask yourself whether you have been a spend thrift and seek ways to minimize your spending from now onwards. This step is of critical importance because step two is useless if you don’t cap your financial problems seriously. It is like pouring water into a jug which has an opening at the bottom. The issue won’t ever be solved.
I trust I have convinced you about the need to quit fooling iva 個人自願安排 around with step one. Now we continue to step you. In this step, you need to scout the offerings of various credit card firms to nail the best deal.
Instead of walking and negotiating with one credit-card firm to the following, the easiest and fastest way is search for them online. Glance through all the offerings and options carefully to see which one address your issues, and shortlist them.
Once you have the list in hand, top off their online application forms and wait. Past experiences suggest that many will answer you because this industry is amazingly competitive.
Go for a credit card which offers extremely low or zero percent interest for balance transfer for the longest timeframe. Such a deal means you don’t have to pay cash through your nose just to cover the interest payment on your debts. If you manage to find such an offer, then your credit card obligation restructuring exercise is on the right path. The long zero percent interest will give you an enormous breathing space to accumulate your wealth and finally settle your obligation in full. You will notice that the financial stress on your shoulders suddenly become lighter.