Comments on: Credit Card Gridlock http://www.debtreductionformula.com/blog/credit-card-gridlock/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 14 Oct 2011 01:06:08 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Free Book: 7 Steps to 720 | Debt Reduction Formula http://www.debtreductionformula.com/blog/credit-card-gridlock/comment-page-1/#comment-48614 Free Book: 7 Steps to 720 | Debt Reduction Formula Thu, 04 Dec 2008 15:56:42 +0000 http://debtreductionformula.com/blog/?p=81#comment-48614 [...] a way, if your credit score is too low, you are cornered. You are stuck with whatever interest rates your creditors give you. This is an uncomfortable [...] [...] a way, if your credit score is too low, you are cornered. You are stuck with whatever interest rates your creditors give you. This is an uncomfortable [...]

]]> By: Ryan Healy http://www.debtreductionformula.com/blog/credit-card-gridlock/comment-page-1/#comment-150 Ryan Healy Sat, 01 Dec 2007 00:06:28 +0000 http://debtreductionformula.com/blog/?p=81#comment-150 Thanks for sharing, Amanda. I've also found that having at least one line of credit with a zero balance to be helpful. Usually, they'll make you low-interest offers to get your business back. In the end, you're just shuffling money around, but it gives you the negotiating leverage you need. Thanks for sharing, Amanda. I’ve also found that having at least one line of credit with a zero balance to be helpful. Usually, they’ll make you low-interest offers to get your business back.

In the end, you’re just shuffling money around, but it gives you the negotiating leverage you need.

]]> By: Amanda http://www.debtreductionformula.com/blog/credit-card-gridlock/comment-page-1/#comment-148 Amanda Fri, 30 Nov 2007 18:44:18 +0000 http://debtreductionformula.com/blog/?p=81#comment-148 You are right on here, Ryan. I was getting NOWHERE with my accounts when I had several accounts open. Sometimes it really does pay to get rid of the smaller ones or to reduce those that are very close to the limit. Debt consolidation isn't for everyone, but it really helped me get out from that trap. It feels great to have some bargaining power with the creditors plus reducing interest rates will save you time and money in the long run. You are right on here, Ryan. I was getting NOWHERE with my accounts when I had several accounts open. Sometimes it really does pay to get rid of the smaller ones or to reduce those that are very close to the limit. Debt consolidation isn’t for everyone, but it really helped me get out from that trap.

It feels great to have some bargaining power with the creditors plus reducing interest rates will save you time and money in the long run.

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