Posts: 33
6/20/12 11:23 P

The Snowball Effect should work really well. Good luck to you all. I'm just now starting, but of course I would lose my job amidst me trying to get this overwhelming debt out the way. I still have hope :-)

SparkPoints: (19,458)
Fitness Minutes: (22,431)
Posts: 551
6/3/12 11:42 A

Still having some problems and probably some snowballing, but coming off the other side one bill at a time. I am learning patience and not to try and do it all in one month,but set a goal for several months while moving forward at a slower pace.

Posts: 332
4/13/12 3:10 P

I've been using the snowball method as well. I don't have a smart phone so I can't track it on my phone, but I did find a website that I use to track it with. whatsthecost.com

Posts: 1,000
2/15/12 9:29 A

That is a good idea! Thanks. I have started using the snowball method as well. I have an app on my phone so I can track it as well to see my progress. Says I will be debt free in March 2014 if all goes as planned.

current weight: 165.4

208 188.5 169 149.5

130

Posts: 139
9/23/11 8:22 P

Denise -

How great for you! I am finally starting to use the snowball, too! Hoping for good results.

~Mary

SparkPoints: (22,423)
Fitness Minutes: (7,227)
Posts: 750
9/16/11 12:21 A

I have been using the snowball method (putting extra on one bill, then throwing all of that onto the next bill, etc) since 2007. I am now down to one debt and expect to have it paid off next spring. Then I'll be debt free!!!

126 Maintenance Weeks

0 35 70 105

140

Posts: 50,120
9/15/11 11:43 A

202,608 SparkPoints

Posts: 4,541
9/15/11 1:20 A

I didn't know about that feature! Thanks

current weight: 177.6

196 179.5 163 146.5

130

Posts: 473
9/15/11 1:01 A

I HAVE OVER TIME GOT MYSELF INTO DEBT. FOR AWHILE I WAS DOING OK TILL

LIFE STEPS IN TO REMIND YOU THERE IS NO SANTA CLAUSE.


I HOPE THIS HELPS ONE PERSON IF SO WORTH THE POST.

TRY THIS FIRST IT WILL HELP . NO FREE WAY OUT BUT IT WILL HELP

I WAS ABOUT TO GIVE UP AND SAY LET THEM COME GET ME I CAN NOT PAY THEM

ALL NO MORE ALTHO I ALWAYS HAVE BEEN CURRENT ON ALL MY DEBTS.

I READ ABOUT A WAY TO HELP SO I DID IT TODAY AND IT WORKED.

CALL YOUR BILLS AND ASK TO BE PUT ON THE 12 MONTH HARDSHIP PROGRAM.

LOOK AT VERY BOTTOM BACK OF YOUR STATEMENT WHO YOUR MONEY IS FROM.

EXAMPLE YOU DO NOT REALLY SEND MONEY TO A MALL STORE LIKE SEARS OR

PENNYS YOU SEND IT TO GMC BANK.

SO SAVE YOUR SELF BEING PUT ON HOLD AND TALKING TO FOKES WHO ARE NICE

BUT WHO CAN NOT HELP YOU.

CALL THE BANK WHO THE MONEY COMES FROM ALL ACCOUNTS HAVE ONE NOW.

I GOT ONE BILL LOWERED BY HALF SAVED 50.00 A MTH.

ONE I GOT THEM TO LOWER SAVED ME 11.OO A MTH

ONE I GOT HALVED SAVED ME 30.OO A MTH.

THIS PROGRAM DOES NOT ADD INTEREST BACK AT END.


IT LOWERS INTEREST FOR THE ONE YEAR .

IT LOWERS YOUR MONTHLY PAYMENT FOR ONE YEAR.

ASK OF EACH DEBT ESPECIALLY LARGE MONTHLY ONES.

ONLY ONE ASKED FOR MONEY UP FRONT TO DO PROGRAM WHICH THEY

ASKED ME TO SEND 25.OO. THIS

DOES COME OFF MY DEBT BUT I ALREADY PAID THEM THIS MONTH SO THIS IS AN

OUCH.

PROGRAM WILL BEGIN IN SEPTEMBER THEN-

NOW, YOU JUST PAY THEM EACH MONTH WHAT THEY LOWERED IT TOO.


IF YOUR LATE OR FAIL TO PAY THE PROGRAM STOPS YOU GO BACK TO FULL

PAYMENT.

WHAT THIS WILL DO IS YOU TAKE MONEY SAVED AND PUT IT ALL ON ONE BILL

YOUR LOWEST ,NOT ONES WHO LOWERED YOUR BILLS , AS MORE LIKELY THERE

NOT YOUR LOWEST BALANCE.

ONCE YOU USE THIS MONEY AND YOUR REGULAR PAYMENT TO YOUR LOWEST

YOUR PAY IT OFF.

THEN HIT NEXT LOWEST

BY TIME YEAR IS UP AND MONTHLY GOES BACK UP YOUR HAVE LESS DEBTS

AND CAN AFFORD THE INCREASE. OF WHAT YOU WERE EXPECTED TO PAY

ALSO THE ONES WHO LOWERED YOU MONTHLY AMOUNT YOU WILL OF

COURSE OWE LESS TO SO BACK TO INCREASE STILL MAY BE LOWER BY THEN

TOO.

I WILL CALL ONE MORE TOMORROW AND IF THEY HELP OR NOT I THINK I CAN MAKE

IT NOW.

INTEREST ON ALL WHO LOWER THE BILLS IS LESS BY A LOT FOR THE ONE YEAR


ALSO. I ALREADY HAD CLOSED MY ACCOUNTS , BUT THEY WILL CLOSE YOUR

ACCOUNT IF YOU DO THIS PROGRAM . HAY THAT BE A GOOD THING.

ALL YOU SAY IS

ID LIKE TO KNOW IF YOU OFFER THE HARDSHIP PROGRAM IF SO I WANT BE ON IT

ONE BILL EVEN ASKED ME HOW MUCH CAN YOU PAY TO LET ME PICK MY AMOUNT.



NOW ME CALLING BEFORE I WAS BEHIND THEY SAID WAS A PLUS AND NOT BEING

LATE EVER.

SO CALL WHAT YOU GOT TO LOSE?

IT IS HARD TO TELL FOKES HAY I NEED YOU TO LOWER MY BILLS , BUT HAY

THERE JOBS IS TO HELP.

THEY DO NOT ASK INCOME LEVEL OR BILLS TOTAL OR 0. THEY DO ASK CAN YOU

TELL US WHY YOU NEED THE PROGRAM . THEY ASK SO THEY CAN WRITE SOME

REASON DOWN.

TELL TRUTH OF COURSE, LOST DAYS WORK CUT BACKS, INCREASE IN FUEL OR

FOOD ETC. JUST A REASON ALL THEY WANT .

I CALLED LETS SEE 5 AND ONLY ONE IN SALT LAKE CITY SAID NO THEY DO NOT

HAVE SUCH A PROGRAM.

I TOLD THEM THEY NEED TO CONSIDER IT IN THESE HARD TIMES WITH RISING

FOOD ,SHELTER ,AND ENERGY COSTS.


I HOPE THIS HELP ONE PERSON WHO EVER TOLD THIS ON LINE ON A BLOG SURE

HELPED ME.


GOOD LUCK .

Edited by: ROCKANDROLL7 at: 9/15/2011 (01:07)