Accelerated Debt Elimination Techniques…
The basic financial principle behind debt elimination techniques is the less principal you owe on your debts, the less interest you pay. So by using your monthly surplus to pay more money on your principal, you pay less interest and your debts get paid off faster.
Also by having great credit scores, the amount of increase you may pay on debt is reduced. The less interest you pay the more money you have to reduce your debt even further.
That’s why my husband and I would like to offer you our FREE ebook entitled “Winning the Credit Game – A Christian's Guide to Legal Credit Improvement". It will help you to better understand the credit reporting system and principles regarding your credit scores .
Advanced Line of Credit
There are also ways to utilize an advanced line of credit (ALOC) to increase the amount of money you have available on a monthly basis to apply to your loan principal and accelerate your debt elimination even faster.
Some online debt elimination systems are excellent for these more advanced strategies. They allow you to use a simple interest line of credit to apply more principal payments against your amortized and/or compound interest debts.
It may sound complicated, but the online system does all the work and all you have to do is follow the action plan each month.