FHA Credit Card Calculator
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Use this calculator to factor what it will take to retire each of your individual credit obligations. We recommend a two prong approach. Establish a month savings plan first. This will give you "rainy day" funds that can help you get out of a debtor lifecycle. When insurance policies renew, pay them in full using your "rainy day" fund. Use that free capital to the begin your creditor payoff strategy. Payoff one creditor at a time. Start with the smallest balanced debt and use the free funds saved in to pay additional funds towards the next creditor. It works, its effective and the amount of free cash you will have every month will compound!
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