Thursday, August 1, 2013

Instead of having a debt with high interests, own an investment with high interests.

Eliminate debt as quickly as possible!

The average U.S. household has more than $15,000 in credit card debt, more than $33,000 in student loan debt, and nearly $150,000 in mortgage debt, according to statistics from NerdWallet.com. One of the most important steps in taking control of your financial life is to solidify a plan to pay down that debt as quickly as possible. It’s imperative to stop acquiring new credit card debt that you’re not paying off each month.


If you’ve already acquired a large amount of credit card debt, pay more than the minimum balances due each month and if you can’t do that, at least make the minimum payments on time. If you’re carrying a large balance with an extremely high interest rate, consider a low APR credit card balance transfer credit card (but read the fine print). If you don’t qualify, consider a debt consolidation loan. Always do your research before opening any new line of credit.

Call me for a FREE financial evaluation of your situation,

Jesse Alvarado
(562)822-5565

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