Get rid of your debt by debt stacking
Does Getting Rid of your Debt Still Give you a Headache?
Equifax… Many of you may think that the next thing that is mentioned is Credit Score. But it’s not… well not yet anyway.
The reason Equifax is a topic of conversation, and oddly enough has been the topic of conversation for many years, is there DEBT STACKING program. Yes that’s right Debt Stacking.
You may up until this point have categorized Equifax with only credit scoring, credit protection and maybe debt collection but Equifax has a program in place to help consumers pay down their debt quicker. It’s Called DEBT STACKING and it is phenomenal.
So here is a quick snippet of how the program works.
You register for the program first of course by supplying your information. Then Equifax compiles your profile containing all your credit history, Mainly including Debt, into an easily manageable secure program portal application. Then you are able to look all your debt and start your scheduled program. The system is simple but genius and very easy to follow. So you start by compiling all your debt accounts and identify the smallest account which you will pay about 25% to 50% more on, which allows you to pay off the account in a shorter period of time, and pay the minimum on all the larger accounts. But that is not where the magic of the program happens.
Once the first account is paid off you don’t celebrate the extra money you now have and go spend it. You will take that money and apply it to the next account in line again allowing you to pay it off faster and you continue this process until all your accounts are paid off. On average it will save you about up to 10 years and THOUSANDS in credit card debt.
So here are a couple of points to recap how you can benefit from this program.
- Credit Monitoring
- A simple and easy debt management program
- Savings on interest and fees that your debtors would love to keep charging you
- Become debt free sooner
You are just one step away from accomplishing a debt free future, the key is to make sure that you don’t wait till later. The reason is that time and interest compound together. So the longer you wait the more you pay. It’s funny that Debt works like life. The more you procrastinate the more it costs you. So don’t wait start now.
To get information on how to use the EQUIFAX Debt Stacking program, TIPS on money, Creating a budget, Saving, improving your Credit Score and ways to find out how you can get rid of your debt quickly, make additional income and get Financial Information and contact a Financial Coach leave a comment and we will be happy to help you.
Happy Friday!!
See you next week
TK
