National Student Loan and Credit Report Debt Attorney

Cashing out Stocks to Pay Down Credit Card Debt?

Rate this post

Here’s an interesting take on paying down outstanding credit card debt. Liquidating a piece of your non-retirement portfolio to pay down your credit card debt? The following article discusses this as a viable option for those eager to pay down credit card debt.

http://usatoday30.usatoday.com/money/columnist/krantz/story/2012/09/24/ask-matt/57838072/1

What I like about this article is the common sense advice if you happen to be fortunate enough to have a diversified portfolio that allows a stock sale to pay down credit card debt. The article points out that if you take money out of your portfolio and use it to pay down credit card debt at 15% annual interest, you’re locking in a guaranteed 15% return. And who wouldn’t like that in our economy? And what would be better than that? Paying that debt down at a discount through a debt settlement attorney. Know your options before you do this. Using the experience of an attorney might save you an additional amount of money that you can throw back into a stock portfolio after you debts are settled.

Cashing out Stocks to Pay Down Credit Card Debt? was last modified: November 1st, 2014 by Kevin Fallon McCarthy
The following two tabs change content below.
mm
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
mm

Latest posts by Kevin Fallon McCarthy (see all)

START NOW
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.