Debt Free Part One (Really) - Avoiding the

Debt Free Part One (Really) - Avoiding the Grand Illusion Let me just get straight to the point: going into debt to get out of debt, is not getting out of debt, it's a TRANSFER of debt. That may sound funny but do you know how many millions of people actually do this? Chance are good you may have done so as well. I'm certainly guilty of doing it. If you are leaning on a balance transfer offer, credit consolidation, or home equity loan to be your guide to debt-freedom, you're not doing yourself any favors. WHO'S NOT WATCHING OUT FOR YOU? Let me reassure you right from the start: it is not in the best interest of a credit company to try to help you become debt free. Think about it. They WANT you to be in debt because debt is what makes them money. If you are in any way borrowing money in an effort to get out of debt, how has that helped your bottom line? Look at it this way: if you borrow $10,000 from company "A" in order to pay company "B", how have you reduced your total debt? "But I get a better interest rate" you respond. Great! Did the better interest rate lower your payments? Are you lowering your payments as a result? If so, you've wasted your time and are not doing anything to become debt free. Further, while transferring to a lower interest rate might make you feel like you've accomplished something, it's worthless if you still don't start increasing your monthly payments to bring that balance down Remember this is just a small step in obtainig your Credit goals. In later Blogs we will discuss Debt elimination how to get the better credit cards,how to obtain a real free credit report and improve ur credit. Credit score,credit history,credit secrets,credit rating,credit check,bad credit,online debt credit