My friend Steven Wong just wrote a guide for our fellow
Malaysians about credit card issue. Have you secured your copy
of Get Out of Credit Card Debt - Guide for Malaysian yet?
Go here now for details:
http://mycreditcardsolution.com/cgi-bin/lyre.cgi/jvm/package/go_homepage.html?pack_id=2476&aff_id=44
A lot of people have been complaint to me about their never-
ending efforts to settle the credit card outstanding. I came
across Steven Wong's latest ebook "Get Out of Credit Card Debt"
and I told them about this.
After they read the ebook guide on how to "Get Out of Credit
Card Debt", right now they are more relief and believe they
are on their way to financial debt free.
They are many questions been asked, and here I would like to
let you know some of the FAQ, continue reading below:
Q1: How do I reduce / refinance my credit card debt?
First, you must consolidate your debts into a lower interest
rate plan, work out an affordable repayment amount, and be
discipline in paying off the loan amount monthly. Plus, you
must learn how to manage your spending by adopting a habit to
clear off your credit card outstanding at the end of every
month and don't let it accumulate again.
Q2: I would always like to maintain more than 2 credit cards
with the objective of keeping them for emergency purposes only,
but it turn out that I use them even during normal shopping
just to enjoy the incentives and points accumulation. This
habit is making me worried as I could not clear off my debt
as I targeted before. Please advise.
Yes, there is nothing wrong to keep credit cards for
emergency use. Why don't you consider saving some cash for
the same purpose while still having your credit cards?
Don't you think cash in your hand is better than your credit
cards? Cash is present money, credit card is future money,
and using future money is much more risky than using present
money.
I agree with you, it is tough to clear any accumulated debt
but still you have to do it. You can stop using the credit
cards for any shopping just because you want to accumulate
the points. Change your habit of spending, pay by cash instead
of credit card unless you have no choice i.e. emergency.
Always make it a point to clear your card outstanding at the
end of every month.
Q3: I've been told that one of the ways to settle my debts is
to transfer my balance to another credit card, which offers
me a certain interest free period.
Does it really help me to save money or it is just another
ploy for the banks to get us to switch? Will this work? Most
people are mislead by the concept of balance transfer. By
transferring the balance from one card to another one, it does
not reduce the debt. It only postpones the repayment period.
The incentive of interest free period usually works for a
short term period (i.e. 1-3 months only) and help you to
reduce little interest only. Most of the time, the credit
card holders will feel relief after they have completed the
balance transfer and happy to pay the minimum amount.
However, once the interest free period is over, you will be
charged the normal interest rates again. Bear in mind that you
will still need to settle the outstanding amount. Unless you
can pay back more during the interest free period, otherwise
you are just merely slow down the repayment period and later
work like mad to pay off your debts. Majority of the people
who fail to see this, and they ended up paying more in future.
You should consider method like EPP, It will not only help
you to save on the interest rates, it can help you to change
your mindset into putting more effort to repay your
outstanding amount, instead of paying only the interests.
Eventually you will be able to get out of debt.
Get Out of Credit Card Debt is the most complete Credit Card
Debt Consolidation guide you can found in the market. You will
be able to know the damn easy way to save thousand dollar of
interest and payoff your credit card debt in 3 years or less.
There are total of 20 FAQ you can find out from this ebook on
how to pay of your credit card fast.
Go here now to secure your copy before it is sold off:
http://mycreditcardsolution.com/cgi-bin/lyre.cgi/jvm/package/go_homepage.html?pack_id=2476&aff_id=44
I hope you will be like many of my friend get out of credit card
debt soon. See you!
Regards,
KC Goh
P. S. This guide has help many people save thousand dollars of
credit card interest and it is only sold for RM78/USD25. Hurry!
obtain your copy before it is sold out.
http://mycreditcardsolution.com/cgi-bin/lyre.cgi/jvm/package/go_homepage.html?pack_id=2476&aff_id=44
