debt reversal
Date: Sun, 04/19/2009 - 20:27
Has anyone heard of this "debt reversal, when the banks pay you" business?
As far as I know, debt reversal is the process of paying off you
As far as I know, debt reversal is the process of paying off your credit card debt, where you arrange your credit card debts from highest to lowest and make the minimum payments on each card every month. Now after making the minimum payments each month on all the cards, if you have any extra money left, pay off that amount on the card that have the lowest balance. Now, continue this payment process every month till the debt on the card with lowest balance is paid in full. Once it is done, continue the same process with the card whose balance is second lowest and in this process pay off the debt on all cards.
