Plan To Eliminate Debt By Taking Advantage Of These Easy To Apply by: Brandon Wilkins It’s easy to get frustrated when working towards becoming debt-free, because you aren’t seeing the results quick enough. But here are some techniques to use that can have you seeing significant debt reduction in as little as a week:Short-Term Techniques Check to see if you really owe what you think. If you haven't done so already this year, request a copy of your credit report and check for any inaccuracies. Believe it or not, over 50% of credit reports contain some type of error. It's possible, you might have some item(s) listed that are wrong or that maybe don't even belong to you. You are entitled to one FREE credit report yearly from each major credit bureau (Transunion, Equifax and Experian). Simply go to http://www.annualcreditreport.com and follow the steps.
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| Once you get your credit report, go through it thoroughly and dispute
anything that appears to be incorrect no matter how small the error may
seem. Even the tiniest of errors could have a significant impact on
your credit score and your debt reduction plan.
Challenge property assessments. If you are in an area that has been hit
hard by the downturn in the real estate market, then you might want to
consider having your home reassessed by your authorized property
assessment division. In most cases property values have gone down, but
your property taxes have not. Maybe they've even gone up. But if you
challenge the assessed value, they have to reassess the property and if
it comes in lower than what's on record; they must adjust (lower) your
property taxes accordingly.
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Intermediate Techniques
If you have a good payment history, you can use that as leverage to do
some negotiating. If you have a poor payment history, they’ll be likely
listen to your options for fear of getting no payments if they don’t
negotiate. Either way, you are sort of in the driver’s seat. And you
never know what you’ll get until you ask!
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| Long-Term Techniques
Be orderly about paying off debt. Once you
decide to take charge and get on a high powered debt reduction plan,
you might wonder: is it better to pay the smallest debts off first or
the highest interest ones first?
About The Author Brandon Wilkins is a financial expert and co-founder of Financial Freedom Builders LLC. Mr. Wilkins is also the author of the financial classic, Getting Rich is Simple...But It Ain't Easy! He is available for coaching, workshops and seminars designed to help you take control of your finances.Did you find this article useful? You can learn a lot more about building wealth and achieving financial freedom at: http://www.TheFinancialFreedomBuilders.com/richbook
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