Eliminating Current Debt – The Power of Power Payments
One most influential tool in aiding your efforts to accelerate the payment of your debt is making extra payments. This is called making a power payment.
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Pay Down Your Debt With Power Payments
When it comes to eliminating debt and managing cash flow, the Power Payment principle works whether you are paying one extra payment per year or following a comprehensive cash flow management program. Although the results will vary, the principle remains the same: The more money that is paid directly to principal, the more powerful is the effect of lowering the total amount of interest you’ll pay.