PDA

View Full Version : Dangerous debt payoff strategies



Andrew
09-29-2011, 10:57 PM
There is a good way to go about paying off your credit card debts and loans but there is also a wrong way. Check out these wrong moves and see if you are paying off debt the wrong way:
+Make sure not to pay off the debt too fast!
+Don't use emergency funds
+Tapping into home equity can cause more harm than good
+Withdrawing from a 401k to pay off debt!
+Filing for bankruptcy when its not necessary, this can ruin your credit.
Check out more info: Dangerous Debt Payoff strategies (http://money.usnews.com/money/blogs/my-money/2011/09/26/5-dangerous-debt-payoff-strategies)
Share your ideas.