Thursday, October 8, 2009

You can't borrow your way out of debt

You can't borrow your way out of debt.

Consolidation loans, HELOC's, moving from card to card to lower your interest rates are all band-aids. Fix the problem; eliminate the debt.

Those 0% credit cards come with 100% debt.

Stop moving the debt around. By the time you pay a transfer fee, move the debt, and life happens you end up gaining nothing.

Want to get out of debt? Pay the debt. It's that simple.

More Debt Management

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