Alternative marketing thinking

iCONTRACT

Personal bailout plans

Think of new ideas in a recession, someone wise once said. And here are some good bits of advice for Americans overburdened with mortgages and down payments. If you’re saddled with a high-rate loan on an expensive car, you may be able to improve your cash flow by buying another car, though that sounds suspiciously shopaholic.The new stimulus plan offers a refund of sales taxes paid for new cars. So sell the guzzler, use the tax to buy a smaller, fuel-efficient car, and do it at a dealer that will give you a zero percent interest rate. Student loans offer the most opportunities for debt abatement. This year’s seniors should wait until July, when rates are projected to fall. Graduates who’ve been out of school long enough to despair about their starter salaries can renegotiate the length of their loans with their current lenders. Credit card balances remain the biggest headache for most consumers, and they are hard to kill. One new Web site, Debtgoal.com tells borrowers how much to pay on all of their bills, month by month, so they can burn their balances as quickly as possible. More in Newsweek

Advertisements

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: