How To Start Paying Down Your Credit Card Debt - PowerPoint PPT Presentation

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How To Start Paying Down Your Credit Card Debt

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Tips you can begin to implement TODAY to slowly begin paying down your credit card debt. For more information read Looking for debt consolidation companies? Check our reviews here – PowerPoint PPT presentation

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Title: How To Start Paying Down Your Credit Card Debt


1
How To Start Paying Down
Your Credit Card Debt
  • www.newhorizon.org

2
  • Financial stress keeps people up at night.

More couples file for divorce over fiscal issues
than infidelity!
3
  • When we lie down during the night, that's when
    we're supposed to be getting a decent night's
    sleep but a lot of times our thoughts dwells on
    how we'll cover that or this bill.

4
  • Tips you can begin to implement TODAY to slowly
    begin paying down your credit card debt

5
Create a list of of your outstanding credit card
fees.
  • Get in touch with your card issuers and ask a
    credit score rate reduction. Inform them that
    you're thinking about transferring the balance
    owed to a credit card with a lower rate of
    interest.
  • The majority of the reps are going to have the
    ability to decrease the speed when you're still
    on the telephone!

6
2. How much of your income you can allocate to
your credit card debt.
  • Just how much of your earnings will you put
    towards repaying your debts on a monthly basis?
    Can you have enough in savings to pay off
    everything and concentrate on rebuilding your
    savings?

7
3. Paying off Debt in 1 lump payment
  • Have you got access to things such as a 401k
    savings plan? A whole lot of individuals tap into
    these funds to repay their debt. However, you've
    got to actually think long and hard about it.

8
  • For more information on how to pay down your
    credit card debt read this article
  • https//www.newhorizon.org/credit-info/howto-pay-b
    ack-debt/
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