One way to get out of debt faster is to avoid spending money on things not needed. This article points out five types of insurance that should generally be avoided. Exceptions to the rule are clearly stated.
Here's the link:
http://www.smartmoney.com/top5/index.cfm?story=20070126
Enjoy!
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I had a loan and I took out the payment insurance. This added an extra £50 per month to my bill but as I was self employed, when I had no work the insurance would never pay out. The loan company didnt tell me that when I took out the loan and as I found out about 3 years into the 5 year loan, by that time the payments for the insurance had been taken out at the begining of the loan and there was nothing to cancel so I pretty much paid for nonthing. I think I will take my changes next time or at least make sure I get all the facts.
Heres a good website with loads of debt ideas.
Advice On Debt Website
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