Product DescriptionHow I Paid Off $50,000 of Debt in 5 Years and How You can Too. +++++++++++++++++++++++++++++++++++NOTE: Updated 12/06/09 with Newsletter with on Passive Income Programs to help you Pay Down your Debt Faster and be Ready when Emergencies Happen. +++++++++++++++++++++++++++++++++++First let me say It was my own fault for getting in debt in the first place. I was looking for the magic bullet to making big money online. Be it software, the next program launch, training course etc. . . I was happily going along making double payments on my 6 credit cards on time for years, thinking I was improving my credit while making new purchases each month. At the time on the 6 cards I was paying 6%, 11%, 15%, 18%, 18% and 19% give or take a % here or there. Then 911 hit and 2 months later the bottom fell out or should I say up, as in interest rates. My 6% card stayed. The rest went to 17%, 18% 25%, 25% and 29%. I was seeing red and at my wits end trying to figure out what to do. Then one day after I had just sent in a double payment on a 25% card with a $3500 balance. I was looking at my 6% card which had a $5700 balance and it hit me. The first thing I need to do was pay down my 6% card fast so I could use one of those balance transfers checks I kept getting every other day in the mail. For the sake of easy math, my double payments amounted to $400 a month to each card. So I took the $200 extra I was paying on the 5 high % cards and added it to the $400 6% card payment for a total of $1400. I paid the minimum $200 on the 5 high % cards and $1400 on the 6% card for 4 months. Paying down $5600 of my $5700 balance on my 6% card. I then called the 6% card company and told the agent I was interested in doing a balance transfer and wanted to know what the best interest rate I could get. I was hoping for 15% on the $3500 25% card. I almost chocked when the agent said 2% for 6 months or 6% for the life of the loan. I felt my voice tremble as I said I’ll take the 2% for 6 months. Enjoy the Rest Inside. John
How I Paid off $50,000 of Debt in 5 Years and How You can Too.