Consumer debt advice
This is a simple strategy you can use to eliminate a number of consumer debts.
Before implementing any strategy
You must make a commitment to the process. Ensure you have eliminated any finance structures and lifestyle habits that may have been holding you back. Prepare yourself for success, write down your goals, get excited about the process and imagine how you will feel the day you make your last payment…
As with most debts, the sooner you pay them off, the better you will be. In the following example, the car loan has a total of 6 years and 8 months to run, and the credit and store cards have been at a similar level for some time.