How to Eliminate Debt Online

Credit Cards Can Be a Heavy Burden

Debt causes a heavy burden, especially when it becomes difficult to pay the minimum balances. Fortunately, there are more options in eliminating debt with online resources. DebtGoal is an online resource that can help you eliminate your debts.

Instructions

1. Register with DebtGoal to help eliminate debt online. DebtGoal is free and easy to use. You will need to enter your name, address and debt information. If you access your debts online, you can link your account with DebtGoal so you will not have to enter in your information manually.

2. Link your online debt accounts to DebtGoal. You will need to go to "My Debt Plan" on the DebtGoal website after you log in. Click on the "add account" button under your monthly progress. This will ask you for your debt information. You can link your account by entering the name of the bank. You will then be asked to log into that account through DebtGoal so they can upload the information for you. Your statements, balances, payments and interest will all be updated for you.

3. Add your account information manually to eliminate your debts online with DebtGoal. Some accounts are not online, and you will need to enter that information manually. Click on the "add account" button and enter your account information using your most recent statement.

4. Begin to eliminate your debts online. DebtGoal shows you your current debt total and how much you should be paying each month toward your debts. This helps show you how you can eliminate your debts faster by seeing exactly where your debt payments are going and how long it will take to eliminate them. You can pay a little more on one to eliminate the debt online quickly.

5. Find an online credit counselor to help you create a household budget, pay bills with ease, stick to a budget, cut expenses, save money and get the most out of your money. An online credit counselor can also help you eliminate your debt online. They will look at recurring fees, balances, finance charges and interest rates to help you figure out which ones you should be paying more to each month to help you eliminate your debts.

Tips & Warnings

• Pay your debts on time every month to avoid fees. Pay online to save money on postage and paper.

• DebtGoal does not consolidate your debts; it simply helps you organize your debts online.

References

• DebtGoal

Resources

• Online Credit Counseling