• Free Money Finance hosts a guest post on 11 smart ways to help get out of debt.
• Christian Personal Finance discusses how to apply a lump sum payment to your debt.
• The Smarter Wallet has a bold way to get debt canceled:  just ask for it.
• Debt Tips describes ways to keep debt collectors from getting nasty.
• Canadian Finance Blog list some debt relief options that work.

Thanks!

• Christian Personal Finance relates debt reduction to the World Cup.
• PT Money asks if you know your rights under the Fair Debt Collection Practices Act.
• Miss Bankrupt shares what she’s learned while paying down medical bills.
• Canadian Finance Blog discusses debt relief options that work.

Have a great week!

Here are this week’s debt-reduction related posts.  Personal debt reduction stories, as always, are up top!

• Money Relationship posts a debt payment update, and aims to pay things down more in July.  Keep up the good work!
• PT Money has thirteen tricks for reducing credit card debt that you might not be using.
• Ask Mr. Credit Card reveals the secret weapon for getting out of credit card debt.
• Debt Tips explains why debt settlement isn’t always a scam.
• Reduce Debt Faster goes through how debt negotiation services can help.

Thanks!

Often, you take many credit cards in order to maintain a certain standard of living. But the problem arises when you can’t repay of the loans. The creditors start calling you time and again. Your credit score gets reduced. Therefore, it is extremely important that you should try to reduce credit card debt as soon as possible.

How can you reduce credit card debt? Here are three ways to accomplish this:

• Self help. You should make a list of all of your credit cards in a descending order (highest balance to the smallest balance). Then add all the minimum payments that you have to make on credit cards. You should calculate your monthly income and expenses so that you can figure out how much you can afford to pay each month. Make a budget and cut down your luxury expenses. You can negotiate with your creditors in order to reduce the interest rate. You should stop using credit cards and should instead pay in cash whenever you are purchasing something.

You should make at least the minimum monthly payments on the credit cards. If possible, double or triple your payments on the highest-interest card until it is eliminated. Then repeat this process with other cards one-by-one. You can transfer the balance to low rate card. You can liquidate certain savings accounts in the banks also. This will help you to reduce credit card debt easily.

• Debt settlement.  Under this program you have to stop making payments to the creditors. You have to save the money in the trust account opened by the debt settlement company. When you have saved a considerable amount of money in the trust account, then the debt counselors will negotiate lump-sum settlement with the credit card company.
• Debt consolidation.  In this case the debt consolidation company will give you a big loan so that you can eliminate other smaller debts. In return, you have to make a monthly payment. Usually, the monthly payment is less as the interest rate is low. This helps the individual to save money for emergency purposes.

You can easily reduce credit card debt if you follow these steps carefully. However, one should remember that it takes time to reduce debt.

Here are this week’s debt-reduction posts:

• The Debtress has tips for sticking within a budget.
• Live Real, Now contends that an ounce of prevention is worth a pound of cure:  “Teaching kids about money is the best way to keep them out of debt as adults.”

Thanks!

• Live Real Now is watching the debt go down!
• Wealth Pilgrim says to watch out for debt relief scams on your way to reducing debt.
• Christian Personal Finance has seven steps to getting out of credit card debt.
• The Digerati Life gives several tips for reducing college debt.
• Studenomics reviews the questions you need to ask before accepting debt consolidation services.

Thanks!  Have a great week!

Here are this week’s posts on debt reduction:

• Christian Personal Finance recommends setting a time goal to get out of debt faster.
• Live Real Now says that getting out of debt is a matter of changing habits, and recommends a few to cultivate.
• PT Money dispels any rumor that the President will pay off your debts.

That’s it!  Have a great week, and stay cool!

• The Digerati Life gives a few options for getting out from under an upside-down car loan.
• The Smarter Wallet discusses a personal story on getting a mortgage loan modification.
• Ask Mr. Credit Card has a surefire way to get out — and stay out — of debt with American Express.

Thanks!

• Free Money Finance gives a Biblical perspective on why to beware of debt.
• Christian Personal Finance reviews NegotiateMyRate.com, a site that help you reduce debt by negotiating your credit card rates.
• Debt Tips relates the candle problem to debt reduction.

Thanks!

Here are this week’s debt reduction posts:

• Debt Free Tips shows what the right moves are when debt is excessive.
• RateLines.com gives some tips on reducing debt in order to retire debt-free.
• Reduce Debt Faster asks if debt negotiation services really work.
• Free Money Finance discusses whether debt settlement is better than other debt reduction options.
• Right Start explains how consumer credit counseling services work.
• PT Money wonders just how much credit card debt it takes for it to be excessive.
• Smart On Money continues paying off debt Dave Ramsey style.

Have a great day, and a great week!  Please travel safely as well.