February
28 , 2005:
Paying Off Christmas Debt
Interview
with Carol Walker, author of the book, Wake
Up America (Financial Freedom Enterprises) For info.
call: (888)795-0435
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Mike Carruthers:
It happens every year about this time to a lot of us and it's
all because we charged all of our Christmas holiday spending on
credit cards.
Carol
Walker:
And the day of reckoning comes when those credit cards start
piling in and everybody begins to say how did I do this, what
have I done to myself?
Carol
Walker, President of Financial Freedom International and author
of the book, Wake
Up America says it's not difficult to get in over your head
with credit cards.
For one
thing it's an orchestrated campaign by creditors. I mean, I
don't know of any family that doesn't receive month after month
credit card solicitations, so it's quite an enticement.
The key
to getting out of debt, says Carol, is to have a plan.
Sit down
and figure out; what am I paying every month out to creditors
then pay a little extra if you can. And then as you pay off
the lowest balance add that payment to the next creditors so
that you've now created a power payment that's going to help
you eliminate that debt faster.
It's
all about consistency, says Carol…
I know
that the clients that we have helped, we have been able to take
as much as 15-20 year debt by helping them be consistently following
a pattern like this and they've been able to cut it down to
3-4 years, rather than 15-20.
For information
on how Carol's company can help you get out of debt call: (888)
795-0435 I'm Mike Carruthers and that's Something You Should
Know.
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