08 Jan
9 smart debt strategies in 2009
Now is the time to pay close attention to your debts. Why? Because if this credit crunch turns into a credit winter, you could get financial frostbite if you are not prepared.
1. Aggressively pay down debt.
2. Set goals and prepare a budget.
3. Save some and spend some.
4. Switch to automatic or electronic bill payment.
5. Check your credit reports.
6. Use any inactive cards you don’t want closed.
7. Be wary of tapping home equity.
8. Never co-sign.
9. Protect your identity.
…more…