Comments on: What is the quickest way to payoff payday loans? http://www.debt-loans.biz/blog/credit/what-is-the-quickest-way-to-payoff-payday-loans-2/ Call 888-653-9681 To Get Debt Help Now! Sun, 30 Oct 2011 13:10:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ashley O http://www.debt-loans.biz/blog/credit/what-is-the-quickest-way-to-payoff-payday-loans-2/#comment-11600 Ashley O Sun, 30 Aug 2009 15:55:32 +0000 http://www.debt-loans.biz/blog/credit/what-is-the-quickest-way-to-payoff-payday-loans-2/#comment-11600 I don't want to give you the notion of paying off Peter just to pay Paul, however in this case if you have no expendable income, I would hold off on a utility payment to pay these off. The interest rates are killers; you almost would be better off struggling thru the temporary cash crisis then taking them out. Utility payments can be stretched outh with negotiation, and that may be the best option. Lowering your debt to income ratio,and begining a contingency fund for emergencies, with maybe $25 per pay period from each of you or $100 per month or more, will help out in the future. Look at INGDIRECT.COM they take your savings directly from your checking account and pay you 4-5% or more on it. The downside is it takes two days to get it if you need it right away, but it may keep you disciplined. Shopping in bulk, lowering unused cable and phone bills, and carpooling will add to your savings quickly. I don’t want to give you the notion of paying off Peter just to pay Paul, however in this case if you have no expendable income, I would hold off on a utility payment to pay these off. The interest rates are killers; you almost would be better off struggling thru the temporary cash crisis then taking them out. Utility payments can be stretched outh with negotiation, and that may be the best option. Lowering your debt to income ratio,and begining a contingency fund for emergencies, with maybe $25 per pay period from each of you or $100 per month or more, will help out in the future. Look at INGDIRECT.COM they take your savings directly from your checking account and pay you 4-5% or more on it. The downside is it takes two days to get it if you need it right away, but it may keep you disciplined.

Shopping in bulk, lowering unused cable and phone bills, and carpooling will add to your savings quickly.

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