Stop Using Credit Cards as a Loan - Deepstash
Stop Using Credit Cards as a Loan

Stop Using Credit Cards as a Loan

Most people see credit cards as a free loan but it really isn't. Most countries use credit cards in order to build a good credit score however in order to get out of deb, one must:

  • Assess their financial health and track their incoming and outgoing cashflow
  • Negotiate lower interest rates with your bank or cc provider
  • Make extra payments to your loans when more money come in
  • Live on a temporary budget when debts are overwhelming; and
  • Cancel all your unnecessary memberships and other spending habits that make you bleed

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lil_ww

"In fact, the confidence of the people is worth more than money." ~ Carter G. Woodson

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5 Ways To Get Out Of Debt

  1. Do a personal finance assessment. Ask what's coming in, what's going out, where's it going, and what's left. That is all you need to know.
  2. Proactively try to negotiate lower interest rates on your debts.
  3. Make extra payments

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