Victor says he never leaves home without his Debt Diet contract, a reminder of the commitment he's made and the benefits that come with it.
Print and sign your own Debt Diet contract!
You will need the free Adobe Acrobat Reader to view the contract. Download it here.
"So many times [debt] leads to stress," he says. "The last thing anybody needs is extra stress."
Money expert David Bach says the way Victor lowered his interest rate by transferring credit card debt is a great strategy—but always read the fine print. One late payment can increase the interest rate, he says. Also, be sure to ask that transfer fees and interest on new purchases be waived.