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Debt Reduction - Example
There are many methods to reduce debt. We as a blog directory will give you a few pointers from the 100s that are floating around -
1. Transfer credit card debts. In this the credit card companies charge you a huge upto 25% interest on payments. This must be immediately transferred to low interest rates or other cards with low interest.
2. Keep a check on your credit record. Keep in constant touch with the credit bureau and see whats the latest credit report on you.
3. If you are in debt and paying huge interests, it is better to pay off these with your savings.
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