Have You Ever Wished
for a
“Get Out of Debt Free Card”?
Wouldn’t it be nice if life were like Monopoly* and
instead of a “Get Out of Jail Free”, there was a
“Get Out of Debt Free...
Make a list of:
•Each interest rate
•What you owe
•How long it will take to pay back
each one making only the
minimum paym...
2. ALWAYS Pay More
Than the Minimum
To pay off your debt, you have
to pay more than the minimum
amount each month.
Minimum...
3. Don’t Take On More Credit
Don’t be tempted by offers
and discounts that seem too
good to pass up.
Unless you pay your c...
4. Make a Budget to Reduce
Your Debt
Look closely at your budget
and find areas where you can
cut costs.
Put that money to...
5. Be Aware of Costs
Credit card companies make (a
lot) of money from fees and
interest.
As you pay down your cards:
Avoid...
Tackling your credit card debt may
seem like a daunting task at first.
If you make a plan, stick to it, and
remember the c...
If you are looking for ways to
manage debt in Alberta, click here for more
information or
Schedule a free consultation wit...
If you are looking for ways to
manage debt in Alberta, click here for more
information or
Schedule a free consultation wit...
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Have You Ever Wished for "Get Out of Debt Free" card?

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Paying down debt can seem difficult at best. Here are some tips to tackle your credit once and for all.

Published in: Economy & Finance, Business
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Have You Ever Wished for "Get Out of Debt Free" card?

  1. 1. Have You Ever Wished for a “Get Out of Debt Free Card”?
  2. 2. Wouldn’t it be nice if life were like Monopoly* and instead of a “Get Out of Jail Free”, there was a “Get Out of Debt Free” card? While you may not be able to pull the Get Out of Debt Free card from the “Chance” pile, here are some tips that might help you get rid of your debt once and for all. Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca *Special thanks to Hasbro for all those years of fun!
  3. 3. Make a list of: •Each interest rate •What you owe •How long it will take to pay back each one making only the minimum payment. Use this information to decide which card you’ll begin paying off first. 1. Really Look At The Cards You Have Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca
  4. 4. 2. ALWAYS Pay More Than the Minimum To pay off your debt, you have to pay more than the minimum amount each month. Minimum payments are designed to keep you in debt for years. Even just a small amount over the minimum will save you money in the end. Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca
  5. 5. 3. Don’t Take On More Credit Don’t be tempted by offers and discounts that seem too good to pass up. Unless you pay your cards in full every month, they will cost you more in the long run and get in the way paying down your debt. Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca
  6. 6. 4. Make a Budget to Reduce Your Debt Look closely at your budget and find areas where you can cut costs. Put that money towards paying down your credit cards. Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca
  7. 7. 5. Be Aware of Costs Credit card companies make (a lot) of money from fees and interest. As you pay down your cards: Avoid those costly fees! • Don’t go over your limit • Pay your bill on time • Avoid cash advances This will help you save money and pay your debt off faster. Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca
  8. 8. Tackling your credit card debt may seem like a daunting task at first. If you make a plan, stick to it, and remember the costs associated with carrying credit card debt, you’ll be able to save money and pay your cards off faster. Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca
  9. 9. If you are looking for ways to manage debt in Alberta, click here for more information or Schedule a free consultation with one of our licensed bankruptcy trustees. Visit www.solvingdebt.ca Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca
  10. 10. If you are looking for ways to manage debt in Alberta, click here for more information or Schedule a free consultation with one of our licensed bankruptcy trustees. Visit www.solvingdebt.ca Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca
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