Debt Reduction- Advice On Credit Card Debt Reduction, Debt Reduction Services, And Debt Reduction Plans

danisaacs asked:


Have about 7K of CC debt at %2.99. Also have 67K in an interest-only equity line of credit @ Prime + %2.25. Which should be the priority in a debt reduction plan?
* %2.99 rate is a balance transfer rate. regular rate for purchases on this card is %9.99.

Gil Carideo

Keyser SoSo asked:


I am looking for a program or a method to pay off my debt in the most cost/benefit way. I need a program that can calculate both principle and interest payments, along with compounding interest.

I have debt on a 9.99% credit card
5.75% auto loan
4.5% student loan

Are any credit options available to refinance the 9.9% credit card?
I will need input for the normal payment amounts, then input for additional principle payments each month.

I want to figure how much I need to make to pay off the debt at a certain year.
Hello dave…

I want to know all of that info because I want to know

I am going to build my own excel spreadsheet.

Also, debt consolidation does make sense.

Melissia Quitugua

medotech asked:


I am crushing with credit card debt and I am looking at working with a debt reduction program.You can see the adds on TV all the time on how they could negotiate a lower payment to help you get rid of your debt.I am looking at a number of programs but I am not sure how good these programs are and if they really work.

Perry Gordey

Chandra asked:


I am an investor and a real estate salesperson.

Vern Feller