Health Money, Money, Money 0 Flares Twitter 0 Facebook 0 Filament.io 0 Flares × Tweet Name(required) Email(required) Website Comment(required) Be sure to join my Facebook group - TCS Bloggers Money, Money, MoneyWishing and hoping doesn’t eliminate your debts. You need two things:to want to do this, and a management plan that you can follow. Ifyou’re ready to do this, let’s dive right in and develop a strategy.Take an honest look at each credit card with an outstandingbalance.Make a list that includes all balances and the monthly payments.Don't forget the living expenses you pay each month. Livingexpenses don't need to be on the credit card sheet, just be awareof them.Next, consider how much money you are paying in interest each monthand how much that it reduces the balance. While you may have beenexcited to gain a credit card, few people actually realize howquickly it can become an out of control expense. Once this is complete. What would it take to reduce the balance?At this point, you have to choose have between two options, If youhave a financial relationship with a bank, or credit union, you canapproach them for a loan to refinance your debt. Your other option isan alternative method of refinancing. There are credit cards withzero interest to lower finance rates. You can apply for one of theseto pay off the cards with a higher interest rates. Some to check outare:Citi Double Cash CardThese cards are NoInterest until 2018.Citi Simplicity Card or Chase State are the top balance transfercards. They offer the longest time to pay down the balance, Theyoffer a 0% interest rate for 24 months. However there is a 3%Transfer fee,Citi Diamond Preferred offers 21 months to repay with no annualFee There is a 3% balance fee,Discover It offers a 18 month repayment fee with a 6 months at 0%Cash back on purchases, There is no annual fee.There are a few restrictions to be aware of. You cannot transferstudent loans, unpaid mortgages, unpaid medical bills and debtsfroma prior consolidation loan. It is advisable not to try toborrow from the same bank you already owe money. You probablywon’t be eligible to borrow funds in excess of your balance.You can borrow or (transfer balances) from department stores,travel cards, and hotel expenses. You can transfer unpaid expensesfrom airline card, but be aware that most include a 3=5% fee of the amount borrowed.borrowed.strong>Join me in a challenge to complete a Gratitude Journal. I will send a prompt daily. Once the challenge is completed, it is my hope that journaling will become a habit,I ‘d like to encourage you to join the Facebook group, TCS Bloggers. Get Free Email Updates!Signup now and receive an email once I publish new content. I agree to have my personal information transfered to iContact ( more information ) I will never give away, trade or sell your email address. You can unsubscribe at any time.