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The best way to pay you debt off fast is to simply pay it. Stop spending unecessarily and focus all your extra money on your credit card bills.

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14y ago

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Pay off his father's debt


What is the fastest way to pay off debt?

To pay off existing debt, Dave Ramsey (www.daveramsey.com/) recommends this method: Rank your in terms of amount with the smallest debt first. Get your budget in order. When you pay your bills, pay only the minimum amount except for the first debt (the smallest) on your list. To that one debt, apply as much extra as you can, which will pay off that debt more quickly. When you have cleared the first debt on the list, apply this method then to the next debt. Continue until each debt is cleared. Many people try to pay $10 or $20 extra on all the debts, which doesn't do a lot of good for any of them. Focus any extra funds (which requires cutting a lot of extras from the budget) on a single debt as you work through the list. Avoid debt counseling, which costs more of what you already don't have enough of.


Is it better to settle a credit card debt or pay it off?

Pay it off


What is a sum paid toward a balance?

That means you pay off part of your debt.That means you pay off part of your debt.That means you pay off part of your debt.That means you pay off part of your debt.


Can you use your Stafford student loan to pay off debt?

No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.


How can one pay your credit card debt?

The best way a person can pay their credit card debt is by getting a job to earn money to pay off the debt. By being wise about how their money is spent, a person can begin to pay off the debt without creating more.


What is the fastest way to pay back a credit card debt?

The fastest and best way to pay back a credit card debt is to pay more than the minimum payment. It is best to pay as much as you can afford in order to pay the balance down as soon as possible. The quicker you pay down the balance the less interest you will end up paying.


Is it beneficial to pay that debt off or is it just a redundant action once a debt has gone to collections and damaged your credit report?

It is best to pay off the debt. You can also ask if they will remove their listing completely from your credit report, if you agree to pay. If they agree to this, tell them to send the agreement to you in writing and you will immediately pay off the debt.


How is the best way to quickly pay off corporate debt?

The best way to pay off corporate debt is to pay the high interest credit cards off first. If that does not work a company must consider filing for bankruptcy to escape debt.


What was Hamiltons plan to pay off national debt?

Hamilton's plan to pay off the national debt had three parts. The first was to pay off all war debt, next was to raise government revenue and last to create a national bank.