How can you pay off your debt when you can't get a loan from the banks?
This can be tricky at times. There are certain debt consolidation programs that might be helpful though. They consolidate all your loans into a lower monthly payment.
You could also work on targeting your lowest bill each month; paying extra on it until you are able to pay it off completely. Once you eliminate it, then you could take the money that you were spending on it each month and target the next lowest bill with those funds. It can be a lengthy process to do it this way, but it eventually pays off in the long run. The more lower-level bills you pay off, the more money you can put towards larger bills in the future.
Hi, you can try for a consolidation loan. But my answer is a little different. Start by having a budget. Don't take out cash in small amounts if your bank charges you for every transaction. You should always pay down your bills that have the highest interest rate first. Start a save jar and put all your pocket change in there if you have spouse have them do the same. Then take that jar and use it for a payment. I did this and had enough money to pay a months morgage instead of it coming out of the bank leaving that money for other bills. Sell items you don't need or use and add that money to your payment money. There are lots of sites online that show you how to make extra money by selling items you don't need.
by HubPages6 years ago
How To Pay Mortgage Early
by Gous Ahmed6 years ago
If you pay off credit cards by getting a loan out, aren't you in the same position still?Maybe a loan won't have interest increase like credit cards, but what is the best way to get out of this situation for good?
by Special Kay6 years ago
It is better to save money or pay off all your bills?
by StayPos7 months ago
If you received an unexpected inheritance of one million dollars what would you with the money?Oh and by the way the taxes have already been paid :-)
by Jenna Ditsch6 years ago
What's the best way to pay off a school loan when your interest is more than your monthly payment?I've already consolidated my loans. I'm already doing the ICR program and paying less than the standard repayment,...
by Shil19784 years ago
How to Say No to a Friend Asking to Borrow Money?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.