{"id":186,"date":"2023-05-14T02:17:06","date_gmt":"2023-05-14T02:17:06","guid":{"rendered":"http:\/\/myfinanceinfor.com\/?p=186"},"modified":"2023-05-14T02:17:08","modified_gmt":"2023-05-14T02:17:08","slug":"achieving-debt-free-status-a-guide-to-succeeding","status":"publish","type":"post","link":"https:\/\/myfinanceinfor.com\/index.php\/186.html","title":{"rendered":"Achieving Debt-Free Status: A Guide to Succeeding"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Want to get out of debt, these tips will increase your chances of success significantly \u2013 take a look and see how to cut the money you owe.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Find a Balance Transfer Card with 0% Rate<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Average credit card rates are over 18%. Even though you may find lower rates, as low as 0.5%, paying interest is not the best way to pay off your debt.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/financeclap.com\/wp-content\/uploads\/2017\/11\/Transfer-Card.png\"><img decoding=\"async\" src=\"https:\/\/financeclap.com\/wp-content\/uploads\/2017\/11\/Transfer-Card-300x169.png\" alt=\"\" class=\"wp-image-1451\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Consider a credit card with a zero percent interest rate that allows you to transfer the balance. You may be eligible for&nbsp;<a href=\"https:\/\/financeclap.com\/2017\/02\/28\/5-top-rated-credit-card-companies-in-the-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">find a card that lets you go for more than two years without paying any interest<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Research and compare the options available to you. You will have to sort through a lot cards, but it is important that you do so.<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li><strong>Don&#8217;t accept any increases<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Contact your credit card company immediately if you receive a notification that the interest rate is increasing. You have 60 calendar days to inform them that you do not agree with the rate increase. The card becomes null, void and you can continue to use it at the previous rate until your card is paid.<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\">\n<li><strong>Join The Credit Union<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Money Expert says that credit unions offer better loan rates than other lenders. There is no set-up fee or administration fee charged, which can result in huge savings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Comparing prices is an important part of &#8220;comparison shopping.&#8221; You should always compare APRs and other relevant data to ensure you&#8217;re getting the best possible deal. Credit union loans have many advantages, but it is important to ensure that the numbers are in your favor.<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"4\">\n<li><strong>Keep away from payday loans<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Payday loans can be convenient but they will cost you money. A transaction that is not verified at the beginning can be used to make multiple payment requests due to the continual payment authority. You could end up in a tough financial situation. You should only get a loan if there are no other options.<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"5\">\n<li><strong>Bring up Your&nbsp;<a href=\"https:\/\/financeclap.com\/2017\/03\/09\/credit-score\/\" target=\"_blank\" rel=\"noreferrer noopener\">Credit Score<\/a><\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Before applying for credit, you should get your report from Experian, Callcredit, and Equifax. You should check it for accuracy. If you find a mistake or your credit rating isn&#8217;t good, it may prevent you from getting a loan. The interest rate may be lower than you would like if you were to get a loan. Improve your credit rating.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Want to get out of debt, these tips will increase your chances of success significantly \u2013 take a look and see how to cut the money you owe. Average credit card rates are over 18%. Even though you may find lower rates, as low as 0.5%, paying interest is not the best way to pay [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-186","post","type-post","status-publish","format-standard","has-post-thumbnail","category-credit-cards"],"_links":{"self":[{"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/posts\/186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/comments?post=186"}],"version-history":[{"count":1,"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/posts\/186\/revisions"}],"predecessor-version":[{"id":188,"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/posts\/186\/revisions\/188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/media\/187"}],"wp:attachment":[{"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/media?parent=186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/categories?post=186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myfinanceinfor.com\/index.php\/wp-json\/wp\/v2\/tags?post=186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}