subject: One Credit Payment Per Month (impossible? Read On) [print this page] Was this another one of those months where you just couldn't keep track of what you owed, or who you owed it to, or how much you had to pay somebody? Are you tired of those bad credit calls from loudmouths demanding your hard-earned pay cheque? Maybe it's time to consider consolidating your credit card debts.
What is debt consolidation?
Debt consolidation is a good idea for pretty much everyone. It means a couple of things. First, you try to eliminate as many credit cards as possible, and put all your debt into one pot. Sort of like when you empty out the garage and put all your stuff into one big pile. It can be a bit scary, at first, because now your debt is all out in the open, and you can see just how high that pile has become. But, let's do it.
So, how much do you owe?
Say you carry three cards-a gas card, a general credit card, and a specialty card, for your favorite big box store. All these credit cards are near their max, and you don't make payments each month. It's tough because they all come due at different times, in different amounts, and it seems that they absolutely never come at the same time you get paid, and might have some money in your pocket. But not paying those debts gives you bad credit-in fact, just keeping those credit cards near their max can lower your credit score.
How can you fix credit card debt?
Take out a car title loan. Sound like more debt? Nope. You're going to use that car title loan to get rid of those credit cards, improve your bad credit debt, and get your payments in line with your pay cheque so that you make one payment you can easily keep track of, at the same time, in the same amount, every month. Sound easy? It is.
How to get a car title loan
If you own your car (or other vehicle) and it is less than eight years old, you may qualify for up to 40% of the wholesale value of that vehicle. You apply online, fast, easy, and private. About 99% of people qualify, so odds are, you will too. And you'll know about your car title loan in 24 hours or maybe less-it's that fast. And they can even direct deposit it to your bank account, if you want.
When you get that car title loan, pay off those credit cards, and start making one payment that's easy to track and easy to remember, at the same time, every month. You'll be on the fast track to credit repair, and feel a whole lot better about your life and your future.
