http://www.moneydebtsolutions.com/money-debt-solutions/if-you-are-trying-to-get-rid-of-debt-what-would-be-the-best-solution-for-you What to do if you have too much debt and not enough money - money and debt solutions Sat, 09 Jul 2011 11:11:36 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.moneydebtsolutions.com/money-debt-solutions/if-you-are-trying-to-get-rid-of-debt-what-would-be-the-best-solution-for-you/comment-page-1#comment-112 David M Tue, 20 Jul 2010 18:34:31 +0000 http://www.moneydebtsolutions.com/money-debt-solutions/if-you-are-trying-to-get-rid-of-debt-what-would-be-the-best-solution-for-you#comment-112 Definitely pay down debt first. The interest rate on your debt at best is probably 4.5% and at worst 18%+. And your savings interest rate? If you can find a bank paying more than 1.5% interest (other than an introductory rate) please let me know. Paying down high interest rate debt is the best investment one can make today. Definitely pay down debt first. The interest rate on your debt at best is probably 4.5% and at worst 18%+. And your savings interest rate? If you can find a bank paying more than 1.5% interest (other than an introductory rate) please let me know. Paying down high interest rate debt is the best investment one can make today.

]]> http://www.moneydebtsolutions.com/money-debt-solutions/if-you-are-trying-to-get-rid-of-debt-what-would-be-the-best-solution-for-you/comment-page-1#comment-113 Katy M Tue, 20 Jul 2010 18:34:31 +0000 http://www.moneydebtsolutions.com/money-debt-solutions/if-you-are-trying-to-get-rid-of-debt-what-would-be-the-best-solution-for-you#comment-113 I would pay down my debt, because I wouldn't want interest to keep accumulating. I would pay down my debt, because I wouldn’t want interest to keep accumulating.

]]> http://www.moneydebtsolutions.com/money-debt-solutions/if-you-are-trying-to-get-rid-of-debt-what-would-be-the-best-solution-for-you/comment-page-1#comment-114 do Tue, 20 Jul 2010 18:34:31 +0000 http://www.moneydebtsolutions.com/money-debt-solutions/if-you-are-trying-to-get-rid-of-debt-what-would-be-the-best-solution-for-you#comment-114 pay off the debt. if the asset would generate more money than the debt, you could (in theory) take on millions upon millions of dollars in debt to generate an exponential amount of wealth. pay off the debt. if the asset would generate more money than the debt, you could (in theory) take on millions upon millions of dollars in debt to generate an exponential amount of wealth.

]]> http://www.moneydebtsolutions.com/money-debt-solutions/if-you-are-trying-to-get-rid-of-debt-what-would-be-the-best-solution-for-you/comment-page-1#comment-115 Sudhakar Tue, 20 Jul 2010 18:34:31 +0000 http://www.moneydebtsolutions.com/money-debt-solutions/if-you-are-trying-to-get-rid-of-debt-what-would-be-the-best-solution-for-you#comment-115 It depends upon the fact that how old the debt is? Is there any immediate pressure on you for repayment.If the repayment can be postponed until such time your asset to be build can generate means for repayment. It depends upon the fact that how old the debt is? Is there any immediate pressure on you for repayment.If the repayment can be postponed until such time your asset to be build can generate means for repayment.

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