Despite economic data suggesting the worst of the recession may have occurred, credit card companies are getting a different signal. October saw higher delinquency rates as reported in the Wall Street Journal, and joblessness is a key factor. For debt management, carefully managing monthly cash flow is the key to debt paydown, including the creation of an emergency fund.
Raj Patel writes for DebtGoal.com, a do-it-yourself system for getting out of debt and lowering your interest costs. DebtGoal.com incorporates all of the techniques discussed in this post and can help users understand and get visibility to and manage their debt finances.
Tags: credit card delinquency rates, debt elimination, Debt Management, Debt Paydown, debt reduction
