Comments on: A Guide For Getting Out Of Credit Card Debt http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/ Bible & Money Personal Finance Blog | Budget: Pay Off Debt: Give Mon, 06 Sep 2010 02:39:37 +0000 hourly 1 http://wordpress.org/?v=abc By: Craig http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/comment-page-1/#comment-8281 Craig Wed, 25 Aug 2010 03:38:31 +0000 http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/#comment-8281 @Charlie Thanks for sharing your experiences. Your right that the misuse of credit cards is really the problem not the credit card themselves. That said there are some people who shouldn't be trusted with credit cards. If I had credit card debt problems I'd cut my card up in a second. @Charlie
Thanks for sharing your experiences. Your right that the misuse of credit cards is really the problem not the credit card themselves. That said there are some people who shouldn’t be trusted with credit cards. If I had credit card debt problems I’d cut my card up in a second.

]]> By: Charlie http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/comment-page-1/#comment-8198 Charlie Fri, 20 Aug 2010 01:28:54 +0000 http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/#comment-8198 Credit card concept was not intended for burying people into indebtedness. It is a mode of financial institutions to help people be financially viable in times of need, like bulk purchases, it gives safety because people will use card instead of handling cash and so on. However, due to personal whims and mismanagement, some people get buried (and I have been there). One mistake that I had before was taking advantage of the so called "promotions" that credit card companies are giving to credit card holders. It was late already when I realized that they are giving away those gifts but I don't actually need them. For example, I have to spend 1,000 credit in order to get pizza. Then I'll find myself having a hard time in budgeting by the next month when the bill comes in. But thanks to articles like this. Now, I am no longer a victim of financial burdens. Credit card concept was not intended for burying people into indebtedness. It is a mode of financial institutions to help people be financially viable in times of need, like bulk purchases, it gives safety because people will use card instead of handling cash and so on. However, due to personal whims and mismanagement, some people get buried (and I have been there). One mistake that I had before was taking advantage of the so called “promotions” that credit card companies are giving to credit card holders. It was late already when I realized that they are giving away those gifts but I don’t actually need them. For example, I have to spend 1,000 credit in order to get pizza. Then I’ll find myself having a hard time in budgeting by the next month when the bill comes in. But thanks to articles like this. Now, I am no longer a victim of financial burdens.

]]> By: Newport Beach Realtor http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/comment-page-1/#comment-8185 Newport Beach Realtor Thu, 19 Aug 2010 18:58:04 +0000 http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/#comment-8185 The best way is to only use cash and start paying off your credit cards. Some cards have a zero interest for 3 years if you transfer your balance. Most of the time it has a lower interest rate then your current balance after the 3 years. You have to pay a 3% fee but in the long run it's worth it! The best way is to only use cash and start paying off your credit cards. Some cards have a zero interest for 3 years if you transfer your balance. Most of the time it has a lower interest rate then your current balance after the 3 years. You have to pay a 3% fee but in the long run it’s worth it!

]]> By: Laguna Beach Homes http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/comment-page-1/#comment-7294 Laguna Beach Homes Fri, 02 Jul 2010 12:30:10 +0000 http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/#comment-7294 Getting rid of credit card debt should be the number one goal for everyone. Paying the minimum will never help you pay it off, more than minimum is the only way to get out of debt. Getting rid of credit card debt should be the number one goal for everyone. Paying the minimum will never help you pay it off, more than minimum is the only way to get out of debt.

]]> By: How To Have A Debt-Free Vacation http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/comment-page-1/#comment-4110 How To Have A Debt-Free Vacation Mon, 12 Apr 2010 15:23:27 +0000 http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/#comment-4110 [...] You open the mail.  Your heart skips a beat.  A ball begins to form in your throat.  You fight back the tears.  How are we ever going to pay this credit card bill? [...] [...] You open the mail.  Your heart skips a beat.  A ball begins to form in your throat.  You fight back the tears.  How are we ever going to pay this credit card bill? [...]

]]> By: Spring is Here! Roundup http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/comment-page-1/#comment-3187 Spring is Here! Roundup Wed, 31 Mar 2010 21:27:23 +0000 http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/#comment-3187 [...] A guide for getting out of credit card debt [...] [...] A guide for getting out of credit card debt [...]

]]> By: Carnival of Personal Finance #148 http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/comment-page-1/#comment-2584 Carnival of Personal Finance #148 Mon, 15 Mar 2010 08:03:53 +0000 http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/#comment-2584 [...] Now that you know how much credit card debt really costs, Craig Ford from Money Help For Christians gives you A step by step guide for getting out of credit card debt. [...] [...] Now that you know how much credit card debt really costs, Craig Ford from Money Help For Christians gives you A step by step guide for getting out of credit card debt. [...]

]]> By: Craig http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/comment-page-1/#comment-2446 Craig Tue, 09 Mar 2010 12:36:31 +0000 http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/#comment-2446 Arthur, Thanks for your comment. The whole math vs. motivation question is an interesting one. I think it does depend on your personality. So many people have sucessfully used the debt snowball so I guess I tend to favor it a little bit. Arthur,
Thanks for your comment. The whole math vs. motivation question is an interesting one. I think it does depend on your personality. So many people have sucessfully used the debt snowball so I guess I tend to favor it a little bit.

]]> By: Arthur @ Financialbondage.org http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/comment-page-1/#comment-2443 Arthur @ Financialbondage.org Tue, 09 Mar 2010 11:38:07 +0000 http://www.moneyhelpforchristians.com/getting-out-of-credit-card-debt-a-how-to-guide/#comment-2443 It seems to make sense to pay off high interest cards first mathematically speaking. But like Dave Ramsey says, if you were using math you would not be in this mess in the first place. ;) Dave teaches to pay off the debt lowest balance to highest. Ignore interest. This gives you early successes to help keep you motivated. I suppose you could do the higher interest rate first, but I chose to do it Dave's way personally. It seems to make sense to pay off high interest cards first mathematically speaking. But like Dave Ramsey says, if you were using math you would not be in this mess in the first place. ;)

Dave teaches to pay off the debt lowest balance to highest. Ignore interest. This gives you early successes to help keep you motivated.

I suppose you could do the higher interest rate first, but I chose to do it Dave’s way personally.

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