Comments on: Moving Debt Is Not The Same As Paying It Off http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/ Debt Reduction Rocks - We Are Living Debt Free! Fri, 10 Feb 2012 00:09:10 +0000 hourly 1 By: Steve http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/comment-page-1/#comment-97952 Steve Tue, 25 Mar 2008 21:46:11 +0000 http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/#comment-97952 Excellent post. I've done all of these except #1 and #3. I moved debt around for several years each time thinking I was actually accomplishing something. I convinced myself I was being productive and even proactive with my finances. It's a very strange state of mind to be in but eventually I got my act together. Because, at the end of the day the debt is still there! Excellent post.

I’ve done all of these except #1 and #3. I moved debt around for several years each time thinking I was actually accomplishing something. I convinced myself I was being productive and even proactive with my finances. It’s a very strange state of mind to be in but eventually I got my act together. Because, at the end of the day the debt is still there!

]]> By: My Daily Dollars http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/comment-page-1/#comment-97950 My Daily Dollars Tue, 25 Mar 2008 21:38:00 +0000 http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/#comment-97950 You are so right. As my gigantic student loan demonstrates, moving debt just enables the same habits. I've finally learned I just need to dig in and shovel out of my debt. You are so right. As my gigantic student loan demonstrates, moving debt just enables the same habits. I’ve finally learned I just need to dig in and shovel out of my debt.

]]> By: emilyg http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/comment-page-1/#comment-97949 emilyg Tue, 25 Mar 2008 21:28:49 +0000 http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/#comment-97949 I'm so glad to hear you say that. We are always writing about debt consolidation and how to get rid of debt, and I've talked to so many experts who say when you are going to move your debts onto one credit card, you must cut up that credit card and not use it. Only think of it as something that must be paid off, because moving it does not get rid of it. People look at it the wrong way then get in major trouble. They need a paradigm shift! I’m so glad to hear you say that. We are always writing about debt consolidation and how to get rid of debt, and I’ve talked to so many experts who say when you are going to move your debts onto one credit card, you must cut up that credit card and not use it. Only think of it as something that must be paid off, because moving it does not get rid of it. People look at it the wrong way then get in major trouble. They need a paradigm shift!

]]> By: NCN http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/comment-page-1/#comment-97947 NCN Tue, 25 Mar 2008 21:21:44 +0000 http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/#comment-97947 Sam, I strongly recommend calling for lower rates AND surfing balances - but, only if these things are coupled with a true debt reduction plan! NCN Sam, I strongly recommend calling for lower rates AND surfing balances – but, only if these things are coupled with a true debt reduction plan!
NCN

]]> By: Sam http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/comment-page-1/#comment-97944 Sam Tue, 25 Mar 2008 21:03:32 +0000 http://www.ncnblog.com/2008/03/24/moving-debt-is-not-the-same-as-paying-it-off/#comment-97944 We paid off all unsecured debt last year ($55,500) and I regret not looking into #2 (lower interest credit cards). I never thought about transferring debt or even calling to see if we could get lower rates. #5 the first couple months of 2008 we have been on a spending bug, I think we delayed so many purchases last year that we had some real pent up needs and wants. I'm trying to get us back on track for the rest of the year. We paid off all unsecured debt last year ($55,500) and I regret not looking into #2 (lower interest credit cards). I never thought about transferring debt or even calling to see if we could get lower rates. #5 the first couple months of 2008 we have been on a spending bug, I think we delayed so many purchases last year that we had some real pent up needs and wants. I’m trying to get us back on track for the rest of the year.

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