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1). Action Plan: How to power down your debt NOW By : Drew Miles
It will take you on average between 25 to 30 years to pay off your credit card at the minimal amount. This will not do.
Make a list of all of your credit cards (including all consumer debt such as doctor bills, furniture stores and your home).
List the following in columns: the type of credit card, principle amount, regular payment amount, power down payment, interest rate, total number of payments left on the card, estimated payoff date.
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2). Repairing Your Credit Report By : Drew Miles
Fixing your credit report and repairing your credit are two distinct processes and problems. If your credit is bad, you can implement some of the strategies below to fix a low score.
Negotiate down the amount of debt (it’s easiest with private individuals). To do this, you must demonstrate the reason for falling behind. One of the tools you can use as leverage is offering something (not the full amount) rather than nothing.
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