Comments on: 5 Easy Ways to Get Out of Debt http://theadventurouswriter.com/blog/easy-ways-to-get-out-of-debt-and-solve-money-problems/ Got goals? Need a push in the right direction? You've come to the right place! Wed, 23 May 2012 15:32:09 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Laurie Pawlik-Kienlen http://theadventurouswriter.com/blog/easy-ways-to-get-out-of-debt-and-solve-money-problems/comment-page-1/#comment-21030 Laurie Pawlik-Kienlen Tue, 24 May 2011 17:51:54 +0000 http://theadventurouswriter.com/blog/?p=1675#comment-21030 Thanks for your thoughts, Shirley. Going bankrupt may wipe the slate clean and it may seem like the easiest way to get out of debt, but it can hurt your credit rating for a long time. Thanks for your thoughts, Shirley.

Going bankrupt may wipe the slate clean and it may seem like the easiest way to get out of debt, but it can hurt your credit rating for a long time.

]]> By: Shirley E. http://theadventurouswriter.com/blog/easy-ways-to-get-out-of-debt-and-solve-money-problems/comment-page-1/#comment-20827 Shirley E. Fri, 20 May 2011 17:28:35 +0000 http://theadventurouswriter.com/blog/?p=1675#comment-20827 Honestly, the easiest way to get out of debt is to go bankrupt. My sister declared bankruptcy and her slate was wiped clean. What's easier than that? Honestly, the easiest way to get out of debt is to go bankrupt. My sister declared bankruptcy and her slate was wiped clean. What’s easier than that?

]]> By: Laurie Pawlik-Kienlen http://theadventurouswriter.com/blog/easy-ways-to-get-out-of-debt-and-solve-money-problems/comment-page-1/#comment-13841 Laurie Pawlik-Kienlen Sat, 04 Dec 2010 16:20:27 +0000 http://theadventurouswriter.com/blog/?p=1675#comment-13841 I know -- sticking to a budget is so difficult! But, it's one of the best ways to get out of debt and save money. I know — sticking to a budget is so difficult! But, it’s one of the best ways to get out of debt and save money.

]]> By: Reduce Debt To Credit Limit http://theadventurouswriter.com/blog/easy-ways-to-get-out-of-debt-and-solve-money-problems/comment-page-1/#comment-13633 Reduce Debt To Credit Limit Mon, 29 Nov 2010 22:30:12 +0000 http://theadventurouswriter.com/blog/?p=1675#comment-13633 It is amazing how getting organized and sticking to budget can help. Most people don't want to do that, because it takes work. You can really take control of your finances by making a budget and sticking to it. It is amazing how getting organized and sticking to budget can help. Most people don’t want to do that, because it takes work. You can really take control of your finances by making a budget and sticking to it.

]]> By: Laurie Pawlik-Kienlen http://theadventurouswriter.com/blog/easy-ways-to-get-out-of-debt-and-solve-money-problems/comment-page-1/#comment-9215 Laurie Pawlik-Kienlen Sun, 14 Mar 2010 15:55:43 +0000 http://theadventurouswriter.com/blog/?p=1675#comment-9215 Hi Toni, Congratulations on being debt free in two months -- that's very exciting! The fact that you paid off your debt will improve your credit rating, because the best way to get a good credit report is by accumulating debt and then paying it off. So, using a credit card every month -- and paying it off every month -- can increase your credit rating because it shows you can handle your money wisely. Here's what Liz Pulliam Weston of MSN Money says: "You can't raise your scores if you don't use credit. Credit scores try to predict how well you're likely to use credit in the future by how well you've used it in the past. So while living a cash-only lifestyle may do wonders for your wallet, it won't boost your scores -- in fact, without continuing use of some type of credit, eventually your credit reports won't even generate credit scores." The trick, of course, is NOT racking up your credit cards so high that you can't pay them. Instead, use your credit cards for things you'd buy anyway: groceries, gas, household bills, etc. Then pay off that monthly credit card bill before it's due. Here's some more info on getting out of debt and credit reports: <a href="http://theadventurouswriter.com/blog/quipstipsachievinggoals/home/10-facts-about-credit-scores-reports/" rel="nofollow">Facts About Credit Scores and Credit Reports</a> <a href="http://theadventurouswriter.com/blog/quipstipsachievinggoals/home/fixing-bad-credit-scores-tips-for-rebuilding-credit/" rel="nofollow">How to Fix a Bad Credit Score</a> I hope this helps -- and enjoy the progress you've made in achieving your financial goals! :-) Laurie Hi Toni,

Congratulations on being debt free in two months — that’s very exciting!

The fact that you paid off your debt will improve your credit rating, because the best way to get a good credit report is by accumulating debt and then paying it off.

So, using a credit card every month — and paying it off every month — can increase your credit rating because it shows you can handle your money wisely.

Here’s what Liz Pulliam Weston of MSN Money says: “You can’t raise your scores if you don’t use credit. Credit scores try to predict how well you’re likely to use credit in the future by how well you’ve used it in the past. So while living a cash-only lifestyle may do wonders for your wallet, it won’t boost your scores — in fact, without continuing use of some type of credit, eventually your credit reports won’t even generate credit scores.”

The trick, of course, is NOT racking up your credit cards so high that you can’t pay them. Instead, use your credit cards for things you’d buy anyway: groceries, gas, household bills, etc. Then pay off that monthly credit card bill before it’s due.

Here’s some more info on getting out of debt and credit reports:

Facts About Credit Scores and Credit Reports

How to Fix a Bad Credit Score

I hope this helps — and enjoy the progress you’ve made in achieving your financial goals! :-)

Laurie

]]> By: Toni http://theadventurouswriter.com/blog/easy-ways-to-get-out-of-debt-and-solve-money-problems/comment-page-1/#comment-9206 Toni Sat, 13 Mar 2010 00:40:33 +0000 http://theadventurouswriter.com/blog/?p=1675#comment-9206 Four years ago I turned all of our credit card debt over to a credit counseling service, and I have been making payments ever since, In two months we will be credit card debt free! My question, What does this do for my credit rating which isn't so great at the moments, and how can I repair my rating? Four years ago I turned all of our credit card debt over to a credit counseling service, and I have been making payments ever since, In two months we will be credit card debt free! My question, What does this do for my credit rating which isn’t so great at the moments, and how can I repair my rating?

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