Watch your financial defense. Your financial offense consists of making money and proactively attacking your debt with services like the debt consolidation calculator. These measures will help, but they are not enough. You also need to watch your spending habits, as they will largely determine whether you get and stay out of debt. Make sure you're not spending money unnecessarily. Try to keep track of your spending to help identify areas where you could cut back.
Lower your interest rates. Using the debt consolidation calculator is one way to lower your interest rates. You can also try to transfer your balances to lower-interest cards to help you devote more of your money toward the principal of your debt. Creditors are also sometimes willing to lower your interest rates if you call them and ask. You will usually have better luck if you use a debt consolidation calculator service, though. Our service, for example, has already negotiated lower rates with most major creditors that they would not be willing to offer to the general public.
Try to impose a timeline. The average debt consolidation calculator customer becomes debt-free in about 4-8 years. However, it usually helps you stick to your plan better if you impose a timeline on your endeavors to get out of debt. When you receive your monthly payment from the debt consolidation calculator, you can also ask your representative to estimate how long it will take for you to get out of debt. You can also always pay more each month to accelerate your payment schedule.
Consider home equity. A home equity loan is one way to supplement your debt consolidation calculator plan. If you have equity in your home, consider converting it to cash to pay off your high-interest debts. Remember that you stand to lose your home if you fall behind on payments, though.