What are your New Year’s resolutions for 2016? Is paying off your debts one of them?
It’s a chore, I know. I wasn’t able to make much progress with it until I paid off my house. First, I put that money toward paying off my credit cards. That done, now I’m working on my home equity loan, which I used to pay for home repairs, including a new roof.
In time for the New Year, CreditCards.com offers this advice to help consumers succeed in paying off their debts:
- Ask for a lower interest rate. It’s shocking how much this works. About two-thirds of credit cardholders who asked their issuer for a lower interest rate were successful, according to CreditCards.com. Why not try? The worst that can happen is they say no.