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Like those last 10 pounds, I am having trouble extricating myself from
stubborn debt. I make headway and then fall back into the same old
patterns. What can I do?
Consider these tips and don't hesitate to talk with a certified credit counselor.
• Be accountable. Look at your debt and get the full picture. en take
responsibility for it. Don't be an ostrich!
• Divide and conquer. After taking an audit of your debt, divide it into
two categories:
Quick Payoff – ose small debts with a small payoff.
Longer Payoff – Larger debts that take longer to pay off. Consider a balance
transfer offer with a zero or low interest rate. Just don't
forget to pay it off before the interest rate climbs back up. A
personal loan may also be a consideration.
• Automate your payments. Set up an automatic payment plan for this debt so
that you don't forget it. Missed payments will lower your credit score.
• Plan ahead. Start saving for the holidays today. We all know that Christmas
comes each December; put money away each month so that you are ready!
YOU ASK – WE ANSWER!
To address other financial questions, call Redstone at 256-722-3796
or email aspire@redfcu.org.
Ways to Chip Away at Stubborn Debt
Need a "get out of debt" plan or just need
someone to review your credit report
with you? Redstone
,
s accredited financial
counselors can help..
