Managing Debt

Debt doesn’t have to be the enemy of good finances. By managing your debt successfully, you can improve your finances today and build a better financial path to tomorrow. The key is to keep a good handle on your debt, so it doesn’t spiral out of control and bring more financial troubles than you can handle. With a strong grasp on how your debt works and what role it should play in the total picture of your finances, you’ll be better equipped to use credit cards and carry debt without putting your financial future at risk.

Whether you have problems with too much debt or you simply want advice on how to manage your debt more effectively, give us a call at . One of our certified credit counselors will be happy to help with a free financial analysis and debt consultation.

 

Credit Card Debt

Do you know how long it takes to pay back debts? This handy credit card debt calculator can help you plan your financial future so you’re not still paying on the same debts decades from now. You can even compare the difference between paying your minimum payments and paying a higher fixed payment to help you decide the best way to pay your debts off.

See how long it takes to pay off credit card debt

 

Debt-to-Income Ratio

Your debt-to-income ratio serves as an easy way to measure if you have a healthy amount of debt for your finances or if you have too much debt and may be headed for financial trouble. Learn how much debt is too much debt and see how your debt stacks up so you can make the right decisions for your finances.

Are you carrying a healthy amount of debt?

 

Paying Secured Debts v. Unsecured Debts

When you want to pay off debt to improve your budget and monthly finances, there are certain debts you carry that offer a big payoff for paying them down. Learn why paying unsecured debt off with your extra money will make a bigger impact on your finances than paying more on your mortgage or car payment.

Paying off debts that help your finances

 

Debt Reduction Strategies

If you’re carrying more credit card debt than you’d like and you want to avoid financial trouble down the road, there are some proven strategies you can use to reduce credit card debt in the most efficient way possible. Get information on different kinds of debt reduction strategies you can use to get the most out of that extra money you put to paying off debt.

Find the most efficient strategies to reduce debt

 

Debt Negotiation

Credit card debt negotiation can allow you to reduce the interest rates on your credit cards to make your debt more manageable and your monthly payments more affordable. Find step-by-step instructions on how to successfully negotiate with your creditors to get the best deals possible on your credit cards.

Learn how to negotiate with creditors