Debt Management 5

Calculations tackle debt bondage (credit card)
It fell hit the stairs anyway. many of you who had the misfortune barrage of never knowing when it will end, debt is a source of human problems if we do not know how to handle it. if we look at the positive side, the debt is leveraged or disease that could make us up.
Credit cards we use to ease transactions, which allows us to not have to carry cash for shopping or financial transactions. So, before you swipe make sure that you will have a number that you will use the funds to be paid at the end of the month. if you do not have the funds, consider again the concept of productive and consumptive debt and whether you are prepared to pay for the goods you bought for 1.5X more expensive and you will have payments for 1 year?

1.Priority repayment of your debt
The first, immediate debt, debt that is of high value, high interest, and it is important for the smooth day-to-day activities. such as a home or car loan payments, if not pay off, it may be seized disrupting your productivity.
 
Second, debt related family interests. for example, loans for school children, if not paid, may make your child remove from the list of students.

Third, credit card debt, if you have more than one credit card, and prioritize a number of high-interest first. Should never swap your credit card debt by using a debt guarantee. Using debt guarantees have consequences you will lose your assets if you are unable to pay your debts. if you can not pay credit card debt or other unsecured, financial institutions can not take your assets by force.
2.Credit card debt
 When you start a credit card in debt and can not pay all at once, the first thing you can do is to apply for a loan interest rate loans to banks. tell your financial situation is difficult. every bank typically has several alternative ways of payment which you can choose according to the financial condition of you. then if the first action can not be done, you can request a stop payment of accrued interest and request the total arrears gradually you are usually term of 2 years or 24 months.
It should be when choosing which credit card issuer you will use. , Look at the first pattern of changes in interest rates. Do not get stuck on the initial loan pattern looks beautiful, but in fact the interest increased in the following months, when the bank objected to the request on your application, consider transferring your balance to another bank arrears which have a lower interest rate.
In time you start a credit card in debt and can not pay all at once, do it gradually by paying more payments on the credit card with the highest interest rate.