How Do You Chip Away At Outstanding Debt?
It is increasingly obvious that many people have more debt than they can afford. Some folks have debt in the tens and hundreds of thousands. Some “lucky” folks have million-dollar debt. Rather than throw our hands up in despair, there is a way to slowly turn the tide. Here are a few tips for chipping away out the outstanding debt. Understand how you accumulated the outstanding debt. If your debt was a result of unemployment, medical bills or just plain overspending, get a handle on how the problem happened. Part of resolving a problem is understanding how the problem started. If you had anything to do with your current financial situation (such as overspending and lack of saving), then you have an idea how to get out of it (under spending and start saving). Sign up for an online bill pay service. Whether you sign up through your bank or use services such as Quicken, Paytrust.com, MyCheckFree.com or any of the other available services, its time for you to get electronic with your paymen
