1bloc.com » Debt Consolidation http://www.1bloc.com The Real Estate & Finance Hub Thu, 08 Jul 2010 09:00:34 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 What is debt stacking? http://www.1bloc.com/what-is-debt-stacking/ http://www.1bloc.com/what-is-debt-stacking/#comments Sat, 02 May 2009 08:00:02 +0000 admin http://www.1bloc.com/?p=81 Finance, Loan, Debt stacking,Debt-Stacking is the way to reduce ones debt in the shortest time possible with the same amount of money which is going out as repayment of debt each month. The principle of debt stacking implies payment of one debt after another but not both at the same time. In other words it can be stated as after payment of one debt utilizing the amount to be used to same debt at a later date for the payment of another debt. The following steps would enable a person to perform debt stacking better:-

Do not indulge in creating new debts.

Make a list of all the existing debts and arrange them according to their earliest clearance i.e. which one can be cleared of early.

Make Payments for the minimum amount required on all the debts until the first one is cleared.
Finally, after few years when all the debt would be cleared the saved interest on the debts paid off can be invested.

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