By making smaller payments rather than one lump sum, you can avoid payment penalties and extra interest. Pay off your credit cards. Credit cards can be a good thing, when used correctly. Used incorrectly, they can be the cause of financial ruin. Americans owe more money than ever before.
Credit cards cause serious problems for many people.
There are qualified advisors and public service organizations which can advise and assist anyone needing help with credit cards. Equity on your home can be used as a debt-leveraging service, and can sometimes free up a considerable amount of money on a monthly basis. Mortgage leveraging is a technique as old as the hills. When performed correctly, this be the key to financial freedom so long as the newly found dollars are saved, and not spent on recreation. Finally, you need to save money.