Friday, July 11, 2008

What is your Bills IQ?

This is so cool! This new website allows you to enter your information according to credit, debt, budget, wealth, and lifeplan and then it calculates your Debt IQ.

According to my debt IQ, I need to work on paying my debt down and make sure that all of my credit cards are paid off monthly. According to their info, credit cards can sometimes take up to 15 years to be paid off and I definitely can't let that happen. I normally pay my credit card off every month, but there have been a couple of months where I have let it ride and just paid the minimum. Not good.

I also need to work on saving more money per month and put a set amount aside on a regular basis. I do not have an Emergency Savings and I really need to work on that.

Credit counseling can help you find a way out if you are having a problem managing your debts. Most people think of credit counseling as debt management or debt settlement, however reputable credit counselors can actually offer a wide range of solutions based on your specific situation. They’ll review your finances, advise you about budgeting, and devise a program to help you get out of debt. A clear sign that you might need credit counseling, is if you have recently been turned down for a loan due to your credit score or debt load.

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Vhiel said...

browsing here and I am inviting you to join the contest I have on my blog.. I am giving away a tote design by BlueOrchidHandbags.

Full Circle Tote with Wood Handles from BlueOrchidHandbags

bethany said...

Dena-You are the winner of the earrings from Creations Julie Jongleuse!! Congrats!! Now all I need is your mailing address...
Email it to me at:
bethanycr {at} gmail {dot} com

Lucky you!!