Step 2 - List Everything You Owe
In getting debt free, this step is vital. You’ve got to list all
your debts and all your credit agreements.
Include what you’re paying them each month and the interest
rates being charged. If the interest rate is at an introductory rate,
note when that rate ends and the higher rate kicks in.
It is vital that you gather all this information together. Did you
know that as many as four in every five people who owe money on
credit cards, loans, overdrafts and mortgages don’t know what
the interest rates are? And that over half of people don’t know
the total amount they owe on their assorted credit facilities?
That’s why you’ve got to list it all, every bit of credit
and every debt.
So that you’re no longer in the dark.
So that you’re no longer susceptible to overpriced credit.
So that you’re no longer forced into using your spare cash to
keep up the interest payments.
So that you can get yourself debt free.
