Consolidate Credit Card Debt Into One Loan
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9 Steps to Get Out of Debt Part 3
By Jeremy Zongker
Step 3 - Analyze Your Debt
The next step is to figure out exactly how much you owe. First, make a list of every debt you have. Not just credit cards, everything. Credit cards, department store credit, mortgages, car payments, unpaid past-due bills, student loans -- everything.
You do not need to count items such as recurring bills like electric, gas, cable, etc. These are not debt, they are recurring expenses. At any time you could shut these off and not owe any additional money, although it may make life unpleasant, to say the least.
Once you have a list of what you owe, you need to determine what your remaining balance is on each item, the current interest rate and your m...
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