If you only have
a small amount of credit card debt, you probably don't need to take out a debt consolidation loan.
I had a modest retirement fund,
a small amount of credit card debt and enough income to make ends meet.
Not exact matches
Further reinforcing my thesis that the average household has largely reached a point
of «saturation» on the
amount of debt that it can support, the Federal Reserve reported that
credit card delinquencies on
credit cards issued by
small banks have risen sharply over the last year.
For example, if you have a lengthy
credit history with a
small number
of late payments (a good thing), but you also carry a high
amount of credit card debt (a bad thing), you may find that different insurers weigh these variables differently and give you prices to match.
Using the
Debt Snowball Plan, you would pay the minimum
amount on each
of your
debts but by adding an extra $ 100 to your
smallest credit card payment, you would pay it off in 4 months.
The result would be a
credit card diet program that both pays down a
credit card debt while also allowing a
small portion
of the paid down
amount to be respent.
My business does hold a
small amount of debt, but no
credit card debt, no houses are upside down, etc..