Creditopics.com

Even if your credit cards are maxed out and you have a huge mortgage to pay off, you can still get rid of all your debt in about five to seven years - and begin rapid wealth-building - without sacrificing the things that matter most to you!

3 Responses

1. Emily Says:
   February 5th, 2010 at 11:58 pm 1

   Go to the bank and take out a personal loan to pay them off, then never get a payday loan again.

2. Greg S Says:
   February 8th, 2010 at 7:28 am 2

   You need to get a second job or do some side work to get these things paid off. You are in the payday loan trap and unless you do something drastically different you will never get out. Consolidation loans are not the answer. Look for something you can sell. Write down a list of all 5 payday loans, write down the balances put them in order from smallest balance to largest, pay the minimum against each except for the smallest balance pay everything extra you can towards it, keep doing that until it is paid off then move on to the next one, keep doing that until you have them all paid off then begin a pattern of savings. Use the money you were spending to pay the loans off to pad your bank account.

3. John l Says:
   February 8th, 2010 at 10:15 pm 3

   Ann Vala, Be careful when taking out a payday loan. If you don’t read the terms and conditions carefully you might wind up paying more than you expected.

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