tag:blogger.com,1999:blog-2383486221883050451.post5837090177341152253..comments2022-02-21T03:47:15.403-08:00Comments on Cha Ching!: Tackling Credit Card DebtJeanne Ellehttp://www.blogger.com/profile/12096040179637686179noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2383486221883050451.post-47761657958524444902008-11-27T20:19:00.000-08:002008-11-27T20:19:00.000-08:00Credit cards are very expensive.Try using this for...Credit cards are very expensive.<BR/>Try using this formula.<BR/>First open a personal line of credit, most will be prime , plus a couple of percentage points or less.<BR/>Use a credit card that has rewards such as airmiles.<BR/>Pay the credit card off in full at the end of the month with the line of credit.<BR/>Make the highest payment you can on the line of credit. this way you have traded a +/- 18% payment for a +/- 6% payment and accumulated rewards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2383486221883050451.post-30629943342969451822008-11-27T09:47:00.000-08:002008-11-27T09:47:00.000-08:00My husband and I did this last year, and were debt...My husband and I did this last year, and were debt free by April. Well I should say unsecured debt free. We do have our home loan. I can't remember where I first read it, but it was valuable. :)<BR/><BR/>Glad you shared it too!kalea_kanehttps://www.blogger.com/profile/11645846028493046287noreply@blogger.comtag:blogger.com,1999:blog-2383486221883050451.post-79854414021665680682008-11-25T22:08:00.000-08:002008-11-25T22:08:00.000-08:00Thanks :-)Thanks :-)Jeanne Ellehttps://www.blogger.com/profile/12096040179637686179noreply@blogger.comtag:blogger.com,1999:blog-2383486221883050451.post-73100787947939989552008-11-25T21:26:00.000-08:002008-11-25T21:26:00.000-08:00I have heard of this before but it's a great tip! ...I have heard of this before but it's a great tip! It seems like common sense but so many people don't realize that it's such a great thing to do! Love your blog! You have some really great tips! Thanks!Jessicahttps://www.blogger.com/profile/00107121929040664178noreply@blogger.com