Comments on: Key Steps You Can Take Now To Get Out of Debt http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Mon, 15 Mar 2010 01:16:30 -0400 hourly 1 By: Make Friends, Earn Money http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/comment-page-1/#comment-1934 Make Friends, Earn Money Fri, 27 Jun 2008 09:29:13 +0000 http://www.gatherlittlebylittle.com/2007/08/16/key-steps-you-can-take-now-to-get-out-of-debt/#comment-1934 really good advice, especially the part about paying more than your minimum payment. I would also add transfer any savings you have to pay off your credit card asap. The interest payments on your credit card are likely to be at least double the amount of interest you will earn from any savings account. really good advice, especially the part about paying more than your minimum payment. I would also add transfer any savings you have to pay off your credit card asap. The interest payments on your credit card are likely to be at least double the amount of interest you will earn from any savings account.

]]> By: glblguy http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/comment-page-1/#comment-1932 glblguy Thu, 08 Nov 2007 19:33:14 +0000 http://www.gatherlittlebylittle.com/2007/08/16/key-steps-you-can-take-now-to-get-out-of-debt/#comment-1932 Hi ZenniHill, thank you for visiting! Trent is a great guy and I enjoy reading his blog. Never too late to comment. Your points on FICO are dead-on. I'm not too worried about my FICO right now, nor am I for in the future either. The only thing I plan to purchase on credit in the future is a home, which you can buy without a FICO score. Keeps us posted on your progress. Thanks again for visiting. Hi ZenniHill, thank you for visiting! Trent is a great guy and I enjoy reading his blog.

Never too late to comment. Your points on FICO are dead-on. I’m not too worried about my FICO right now, nor am I for in the future either. The only thing I plan to purchase on credit in the future is a home, which you can buy without a FICO score.

Keeps us posted on your progress. Thanks again for visiting.

]]> By: ZenniHill http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/comment-page-1/#comment-1933 ZenniHill Thu, 08 Nov 2007 19:18:14 +0000 http://www.gatherlittlebylittle.com/2007/08/16/key-steps-you-can-take-now-to-get-out-of-debt/#comment-1933 I know it's November and kind of late to comment on this post...Trent @ The Simple Dollar speaks kindly of you so I thought I would check the site. I just went to a seminar last night on FICO scores and I know the best suggestion is to pay down your credit cards, but to keep them active so that you keep your FICO score up. I'm not an expert, but it seems low activity below 25% utilization would be best, in order to keep the FICO scores up, in case you need to prove great credit in the future. You have to use revolving credit and installment credit to prove you have good credit. I'm also working my way out of credit card debt, have totally gained control of use of the credit cards but once they are paid down, will continue some use to keep my FICO score at a number that I can accept. I know it’s November and kind of late to comment on this post…Trent @ The Simple Dollar speaks kindly of you so I thought I would check the site.

I just went to a seminar last night on FICO scores and I know the best suggestion is to pay down your credit cards, but to keep them active so that you keep your FICO score up. I’m not an expert, but it seems low activity below 25% utilization would be best, in order to keep the FICO scores up, in case you need to prove great credit in the future. You have to use revolving credit and installment credit to prove you have good credit.

I’m also working my way out of credit card debt, have totally gained control of use of the credit cards but once they are paid down, will continue some use to keep my FICO score at a number that I can accept.

]]> By: glblguy http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/comment-page-1/#comment-1931 glblguy Fri, 24 Aug 2007 01:23:50 +0000 http://www.gatherlittlebylittle.com/2007/08/16/key-steps-you-can-take-now-to-get-out-of-debt/#comment-1931 Hi Lulu, been a while :-) You can't close an account if you have a balance (or at least not that I am aware of). As for training ourselves, while I agree, the reality is it doesn't work. The best way to remove the temptation is to get rid of it, cutting up the credit card does this. Maybe it seems like overkill, but it's kinda fun :-) Hi Lulu, been a while :-) You can’t close an account if you have a balance (or at least not that I am aware of).

As for training ourselves, while I agree, the reality is it doesn’t work. The best way to remove the temptation is to get rid of it, cutting up the credit card does this. Maybe it seems like overkill, but it’s kinda fun :-)

]]> By: Lulu http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/comment-page-1/#comment-1930 Lulu Fri, 24 Aug 2007 00:45:47 +0000 http://www.gatherlittlebylittle.com/2007/08/16/key-steps-you-can-take-now-to-get-out-of-debt/#comment-1930 I like most of your points but I do not believe in cutting up the cards. If you are going to be serious about not using the card then I think you should go ahead and close it. I am not a fan of cutting up or freezing cards. I think we should be able to train ourselves to put the cards away and not use them but not have to resort to such measures. I like most of your points but I do not believe in cutting up the cards. If you are going to be serious about not using the card then I think you should go ahead and close it. I am not a fan of cutting up or freezing cards. I think we should be able to train ourselves to put the cards away and not use them but not have to resort to such measures.

]]> By: Best Debt Articles from Carnival of Debt Reduction #101 at Clever Dude Personal Finance & Money http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/comment-page-1/#comment-1929 Best Debt Articles from Carnival of Debt Reduction #101 at Clever Dude Personal Finance & Money Thu, 23 Aug 2007 01:15:54 +0000 http://www.gatherlittlebylittle.com/2007/08/16/key-steps-you-can-take-now-to-get-out-of-debt/#comment-1929 [...] And finally, Glblguy from Gather Little by Little details key steps you can take now to get out of debt. [...] [...] And finally, Glblguy from Gather Little by Little details key steps you can take now to get out of debt. [...]

]]> By: I’ve Paid For This Twice Already… » Blog Archive » Welcome to the 101st Carnival of Debt Reduction! http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/comment-page-1/#comment-1928 I’ve Paid For This Twice Already… » Blog Archive » Welcome to the 101st Carnival of Debt Reduction! Mon, 20 Aug 2007 13:01:43 +0000 http://www.gatherlittlebylittle.com/2007/08/16/key-steps-you-can-take-now-to-get-out-of-debt/#comment-1928 [...] How do you get out of debt? Looking at these two plans will probably help! First up is glblguy with Key Steps You Can Take Now To Get Out of Debt posted at Gather Little By Little. Another list of steps to take to get out of debt is at [...] [...] How do you get out of debt? Looking at these two plans will probably help! First up is glblguy with Key Steps You Can Take Now To Get Out of Debt posted at Gather Little By Little. Another list of steps to take to get out of debt is at [...]

]]> By: 20 great things about being debt free : Saving Explained http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/comment-page-1/#comment-1927 20 great things about being debt free : Saving Explained Fri, 17 Aug 2007 13:03:51 +0000 http://www.gatherlittlebylittle.com/2007/08/16/key-steps-you-can-take-now-to-get-out-of-debt/#comment-1927 [...] Under Debt, Savings  Gather Little By Little wrote up an excellent article on ways that we can get out of debt. I thought I’d follow along with a little motivation for [...] [...] Under Debt, Savings  Gather Little By Little wrote up an excellent article on ways that we can get out of debt. I thought I’d follow along with a little motivation for [...]

]]> By: 10 Baby Steps to Financial Recovery | Moolanomy http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/comment-page-1/#comment-1926 10 Baby Steps to Financial Recovery | Moolanomy Fri, 17 Aug 2007 02:37:43 +0000 http://www.gatherlittlebylittle.com/2007/08/16/key-steps-you-can-take-now-to-get-out-of-debt/#comment-1926 [...] friend Glblguy would have you cut up your credit cards.  It is a little extreme, but that is your [...] [...] friend Glblguy would have you cut up your credit cards.  It is a little extreme, but that is your [...]

]]> By: glblguy http://www.gatherlittlebylittle.com/2007/08/key-steps-you-can-take-now-to-get-out-of-debt/comment-page-1/#comment-1925 glblguy Thu, 16 Aug 2007 19:13:14 +0000 http://www.gatherlittlebylittle.com/2007/08/16/key-steps-you-can-take-now-to-get-out-of-debt/#comment-1925 Hi Lauren, been reading through your content off and on this afternoon. Good stuff! Thanks for the comments and for visiting. Hi Lauren, been reading through your content off and on this afternoon. Good stuff!

Thanks for the comments and for visiting.

]]>