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Eliminating debt - Get Out of Debt
By
Aug 7, 2005, 13:06
Get Out of Debt
Eliminating debt and liability
payments is important because it increases your monthly cash flow.
Also it will increase your borrowing limit from lenders because you
can make bigger payments easier. How I am about to show you how to
eliminate debt is an alternative to debt consolidation.
Contractor's Delight, 6 Units, mission district
3 Vacant
Lets look at this example
|
School
Loan
Owed: 20,000
Payments per week: $100 |
Car Loan
Owed: $5,000
Payments per week: $75 |
|
2nd
Car Loan
Owed: 7,500
Payments per week: $100 |
Retail
debt
Owed: $1,000
Payments per week: $50 |
Credit
Loan
Owed: $15,000
Payments per week: $150
|
|
|
To get started:
You need to establish the smallest
liability payment you are making. In this case it is the retail debt
payment.
|
Use-Your-Equity can show you how to create value in your home, then show you how to use the newly created equity to make money.
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