Clickincome Success Secret -- Get Out of Debt

In my last two “Clickincome Success” postings, I talked about money, both making more online, and saving more. One thing I recommend to my Clickincome clients, and everyone else, frankly, is to reduce your debt load. Most critical, is reducing your credit card debt.

This may seem a little odd for me to tell people, at first. I mean, a lot of people use their credit cards to buy into the Clickincome programs. Many of our sale people suggest= that our customers transfer their credit card load to a new card that will give = you a zero percent introductory rate on balance transfers. This is a great way to avoid paying a ton of interest during your first year but, you’re still saddled with a bunch of debt.

Disclaimer: Keep in mind that I am not a business lawyer. Things change all the time. This is just how I see things. For the most accurate and up to date information, talk to your CPA or business lawyer.

Now, let’s talk about the difference between using credit wisely, and crippling debt. Credit is a great thing. Nearly everyone who goes into business uses credit to either get started, or to develop new projects down the road. That includes people like Donald Trump and Warren Buffet. As rich as they are, they still use credit to provide seed money for new projects.

Credit is a manageable thing. Crippling debt, on the other hand, is a horrible thing. This is where you are so far in debt, that you find yourself using one credit card to pay another. You got into more debt just to pay the interest on your credit cards. You owe so much money that you don’t know how to get out of it without declaring bankruptcy.

Let me tell you that this can be reversed. It is very possible to reduce your debt load, if you just follow a few simple steps. Not all of them can be done in order.

Pay Off Your Credit Cards

This is part of the goal, right? Many of the following= steps can help you do that. In the meantime, you’ve got to start making regular payments. You simply cannot miss another credit card payment from here on out. Set up an automatic payment schedule, where the credit card companies automatically get a wire transfer from your bank, on a certain day, or authorize the credit card companies to charge your checking account directly.

Make sure you keep separate records as to when you make those payments, as well. Some credit card companies use fraudulent delay tactics to claim that you’ve missed a payment in order to charge you = late fees and more interest. Some of them do this even if you’ve set up an automatic payment plan that THEY are in charge of administering! If you think you’re a victim of that, contact the credit card company, and the to challenge the charges.

If you’ve used your credit card to start a busin= ess, such as a Clickincome website, apply for a small business loan to pay off the credit card debt. What you’re doing is transfering your start-up costs to a low interest business loan. The is a great resource for these kinds of loans, and for other general business information.

Apply for Business Grants

In order to stimulate the economy and provide jobs for Americans, the U.S. Government offers a lot of incentives to companies, including tax incentives and government grants. They aren't hiding the information, either. They’re just not as good at marketing as most businesses are. is the government site for all things dealing with small businesses.

Refinance Your Home (if it makes sense)

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