Debt Free Stategies

Debt Free Stategies

To win the game the creditors want to play, you need to come up with some debt free stategies. This can be in the form of professional debt help, or some basic things you can do on your own.

Debt Free Strategies that Don't Involve Professional Help

Here are some basic debt free stategies to remember when it comes to using your credit:

• Your debt (excluding your mortgage) should never equal more than 20% of your income
• Pay off your credit cards in full each month, and don't charge what you know you can't afford to pay off at the end of the month
• If you can't pay off your credit cards in full each month, you should try to pay at least three times the required monthly minimum
• Transfer high balances from high interest rate cards to 0% interest cards
• Don't use the "convenience checks" your credit card company includes with your monthly bill. These are typically treated as cash advances, and as such, carry the higher interest rates and cash advance fees.

Debt Free Strategies that DO Involve Professional Help

If you're in over your head when it comes to your debt, you're going to need help from an expert in the field of debt free stategies. First, you'll meet with this expert and he or she will go over your finances with you to determine which debt free stategies will work best for you. They have an abundance of debt free solutions they can suggest to help you become debt free. Most of these debt free stategies can have you out of debt in about five years, too. Imagine that! You, debt free, in five years! How exciting is that?!

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