Debt Reduction Guide: Staying The Course
No Credit Needed Debt Reduction Guide
Section Four: Staying The Course
Look For Opportunities To Earn Extra Income
As you move forward, you’ll begin to get excited about getting out of debt. Now is the time to look for ways to supplement your income. Consider getting a part-time job. Look through your closets for items [...]
New Theme For No Credit Needed
For those of you who are visiting via the web, you’ll notice that I have made some pretty major changes to the look and feel of No Credit Needed. My old theme isn’t compatible with the latest version of Wordpress (the software that I use to manage my websites). I hope that the [...]
The Mirror, The Magnifying Glass, And The Mountain Top
The Mirror -
The mirror serves two purposes. It reveals and it guides. As you look in a mirror, you see yourself, as you you really are. And, if you choose, you can use the mirror as a guide, to make changes to your appearance.
Have you taken a look in the ‘mirror’ lately? [...]
Debt Reduction Guide: Preparing For Freedom
No Credit Needed Debt Reduction Guide
Section Three: Preparing For Freedom
Build A Substantial Emergency Fund
After getting out of debt, you next goal will be to stay out of debt. To that end, consider creating and funding a substantial emergency fund. The exact amount that you will want to keep in your emergency fund will [...]
Debt Reduction Guide: Moving Beyond The Basics
No Credit Needed Debt Reduction Guide
Section Two: Moving Beyond The Basics
Reduce Monthly Interest Charges:
Send minimum payments and extra payments as early in the payment cycle as you possibly can. This reduces your average daily balance which reduces the amount of interest charged.
Call credit card companies, regularly, and ask for reduced interest rates.
Transfer Balances [...]
Debt Reduction Guide: Getting Started
No Credit Needed Debt Reduction Guide
Section One: Getting Started
Tools: pen / paper / calculator / most recent bank statements / loan documents / credit card statements
Calculate Total Starting Balance:
List all of your debts - Create columns to list creditors, balances, due dates, minimum payments, and interest rates.
Add up all balances - This amount is your [...]
