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"Ideal Financial Services is saving thousands of dollars! We have been using their services for less than a year, and already are money ahead. Just recently one of our credit card companies raised the percentage of interest to 29.9% for a reason yet to be explained. If we were to pay off our debt on this card, at this rate it would cost us over $13,000.00 dollars in interest over a ten year period. At their suggestion I called around to our other credit cards companies, and found out I could transfer the balance, without a transfer fee, and only be charged a 5.75& interest rate. We will only be paying a little over $400.00 in interest until it is paid in full. Our financial coach, Deryl Cambell is so patient, and understanding to our needs. If we have to move and payment or adjust our schedule, he willing guides us to a solution that will work for to our satisfaction, and our accounts are paid on time."
Judy Rucker Sevierville, Tennessee
Quotes
Your money will always "flow". This means that you will spend some or all of it, you'll never get control of it unless you implement sound financial principles, and most of us believe we have more money than we do.
Do you have money "lying around someplace", or do you spend more than you make?
One way to get a handle on how
your CashFlow has been going is described below:
Your
debt-to-income ratio:
36% or less:
This is a healthy debt load to carry for most people.
37%-42%:
Not bad, but start paring debt now before you get
in real trouble.
43%-49%:
Financial difficulties are probably imminent unless
you take immediate action.
50% or more: Get professional help
to aggressively reduce debt.
Source: Gerri Detweiler, author of The Ultimate Credit Handbook
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