A new year means new hope of making your budget goals stick and a chance to turn around debt that may have snuck up on you over the past 12 months. Most well-meaning consumers need more than just good will, however. These proven methods of tackling credit cards and personal loans can get your net worth headed in the right direction.
Be Informed: The myriad of new credit card laws and a change in business practices since the recession are all great reasons to become reacquainted with the legalese of your current credit cards and personal loans. Have rates changed? Will you incur additional charges for letting them sit idle? What options do you have for repayment? These questions can be easily answered with a call to the customer service department of each credit account. Once you are certain of the fine print for your cards, it will be easier than ever to tackle them responsibly, paying down the most expensive debt first.
A new year means new hope of making your budget goals stick and a chance to turn around debt that may have snuck up on you over the past 12 months. Most well-meaning consumers need more than just good will, however. These proven methods of tackling credit cards and personal loans can get your net worth headed in the right direction.
Be Informed: The myriad of new credit card laws and a change in business practices since the recession are all great reasons to become reacquainted with the legalese of your current credit cards and personal loans. Have rates changed? Will you incur additional charges for letting them sit idle? What options do you have for repayment? These questions can be easily answered with a call to the customer service department of each credit account. Once you are certain of the fine print for your cards, it will be easier than ever to tackle them responsibly, paying down the most expensive debt first.