consolidation
If you are paying a lot of little credit card payments, they can add up. It may be time to consolidate debt to take the pressure off. During the last year gas prices have gotten so high that it is causing some people to struggle with their bills every month. If you could consolidate the bills and have a smaller payment per month but at the same time have an actual pay off date you will be so much better off. Some of those credit cards and even some loans are open ended, you could just be paying the minimum payment for the rest of your life! Years ago I had a loan that had a pretty big payment, I thought it paid off in five years. When five years came and went I started checking and realized I had not even touched the principal. I quickly paid it off and swore never to get a loan like that again. It was not a smart move on my part and I’ve learned you really have to get all the answers before you sign for any loan. It’s not like it’s free money, you do have to pay it back and so much more. The creditors are not your friend, they aren’t like a parent loaning you money… they will get all they can from you in return for giving you the loan. The same can be said for credit cards. The interest rates can be ridiculous. If you have credit cards with high interest rates that are just not getting paid down, it really might be time to get a consolidation loan and cut the cards up.