bluntmoney.com

Want to know how to pay off debt, guaranteed? Stop borrowing money. Then pay down your debt.

It’s that simple.

Yes, I am queen of the obvious, but sometimes it needs to be said.

People spend all kinds of time working with debt management companies, transferring money from credit card to credit card to try to get a better rate, opening up home equity loans and “paying off” their credit cards with them, searching the internet for quick fixes, etc. — when really the solution is right under their noses.

Quit borrowing money.

Send in your payments faithfully, and eventually you WILL pay off your debt. (Assuming you don’t have some sort of crazy 1000% interest loan with minimum payments of a dollar.)

Of course, this isn’t to say that it’s easy. Ending the cycle of borrowing is often the hardest part of getting out of debt. If you’re used to unconsciously thinking of borrowing money as a solution whenever you run short of money or want something, it’s a tough habit to break.

But it is possible.

Awareness is the first step, followed by commitment and consistency.

• Is Some Debt Good For Your Credit? /caption] There is no doubt about this, first of all: Getting into debt is more than capable of getting you into trouble. Although there is...
• How to Undo The Results of Financial Trauma Whether you’ve lost your home or your job, or your money management skills over the years have left you severely in the hole, it is...
• Paying Off Credit Card Debt Paying off debt has been in the news a lot with the current economy. Credit card debt is a plague that has stricken countless families....