As I have mentioned before, I am a big fan of making multiple debt reduction payments, throughout the month, as a way to speed up the debt reduction progress. Before discussing the why of multiple payments, let’s discuss the how. How To Make Multiple Monthly Debt Reduction Payments 1. Make minimum monthly payments to all creditors. This can be the…
Category: Debt Reduction
An Inspiring Debt Reduction Email
I recently received the following inspiring email from Valerie. Valerie reads No Credit Needed, and she was also a member of the No Credit Needed Network. Subject: Thank You I just wanted to let you know that I finally paid off my debt this morning… after clicking online to submit the final payment of $200, I feel like a weight…
5 Debt Reduction Methods
Debt Avalanche – List your debts – from highest rate to lowest rate – and make minimum payments to all accounts. Make extra payments to the first account on the list, until it is paid-in-full. Combine amount (minimum payment and extra payment) which had been going to the first account on your list, and apply it to the second account…