One of the best ways to find a solution to your problems with debt is to determine how you got there in the first place. Keep track of where your money is going so you will know how and where you are able to cut back. For example, if you buy a $3.00 coffee each day at your favorite coffee shop you are spending $90.00 per month having a single cup of coffee per day. That is approximately $1,080 a year! If you made your coffee at home you could could save almost 90% of that money you spent on coffee and put it towards getting out of debt. Small changes add up.
Other debt solutions include refinancing, if you own a car or home that you intend to own for a long time, you may be able to refinance and end up with a smaller monthly payment as well as a better interest rate depending on your current credit situation.
Consolidating debt is another great way to face debt head on. A consolidation company wit take all of your debt into consideration and work out the terms and amounts with each creditor. Once they are finished the accounts will no longer be able to be used because you will be in a contract to pay them off. This is a good idea because you never want to pile on more debt while paying off debt. You will pay the debt consolidation company one amount per month and they will disburse funds to your creditors.
When you need help, Cain and Daniels has 20 years of experience with negotiating and settling debt. We are here to help get you back on track and moving forward. Let us get started on your case today and we will have to you moving forward with paying off debt as soon as possible.