|Let's Summarize These Facts
First, You Must Have Discretionary Income for the BLOC program to work
|Never Let Your Income Sit Idle
Never let your income sit idle in your checking or money market accounts.
Any excess income will be automatically applied to the BLOC balance, thus working instantly to reduce any related debt costs.
|The More Discretionary Income, the Faster the Payoff
The more discretionary income that you generate (by budgeting and savings), the faster the payoff. We have suggestions on building more discretionary income in another section.
You need to budget your spending to maximize benefits. Having an equity line can be tempting for purchases that are not needed., which can defeat the BLOC program. Budgeting helps you to say NO to unnecessary costs.
|Use Your BLOC to Fund Home Improvement
|Use Your BLOC to payoff your debts
Note: The money used to pay the monthly debt payments will now be added as discretionary income for the BLOC program.
|Do Not Payoff:
mortgage loan debt:
student loan debt: