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Solving Debt Problem Alabama

Manage your debt by paying more than the minimum payment and canceling your credit cards. Lower your interest rates to become debt free.

Local Companies

Consumer Credit Counseling
(256) 208-0732
9 Rotary St
Montgomery, AL

Consumer Credit Counseling
(334) 240-6517
702 N Union Cir
Montgomery, AL

Montgomery Credit Card Debt Consolidation
(334) 239-0990
135 Catoma St
Montgomery, AL

Colbert Ball Tax Service
(334) 819-7991
4017 Norman Bridge Rd
Montgomery, AL

The Perfect Choice
(334) 356-2303
215 Winton M Blount Loop
Montgomery, AL

Weston T David LLC
(334) 265-4477
7515 Halcyon Pointe Dr
Montgomery, AL

Credit Counseling Centers of America
(334) 613-0222
Montgomery, AL

Consumer Credit Counseling
(256) 381-1839
Tuscumbia
Sheffield, AL

Consumer Credit Counseling
(205) 871-3809
Homewood, AL

Consumer Credit Counseling
(256) 582-6809
Guntersville, AL

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Managing debt takes persistence and dedication but once you rein in your debt, you'll be glad you did, and you'll be much better off financially and emotionally.

Here are a few ways to get you started toward debt elimination:

Pay more than the minimum payment each month. Did you know the minimum payment amount is usually 2 to 3% of your balance? On a $2,500 credit card balance with a 2 percent minimum payment, you would pay only $50 toward decreasing that debt and the majority would be applied towards interest and not principal.

Pay a little more than the minimum payment required each month and you'll be surprised at how fast that credit card balance decreases.
Call the credit card companies and cancel all of your credit cards except for the one that gives you the lowest interest rate. Don't use that credit card unless absolutely necessary.
Gather all of your most recent credit card statements, sit down with pencil and paper, and write down the balance of each debt and the interest rate charged. Beginning with the lowest interest rate debt(s), pay only the minimum amount due.
On your highest interest rate debt, pay the minimum payment plus any additional amount you can afford. Once this debt is paid off, go to your next highest interest rate debt and apply the money you were paying toward the first debt towards the second debt. Also add the minimum you were paying on the second debt and keep paying the minimum due on the others.

Continue to do this until all of your debts are paid off. This may take a few years but don't get discouraged. The feeling of freedom you get when you are debt-free is priceless!

Featured Local Company

Consumer Credit Counseling

(256) 208-0732
9 Rotary St
Montgomery, AL

Read more about Solving Debt Problem

- Debt Settlement Alabama

Debt settlement is a popular path to take for companies with lots of debt problems, and they can do this either through Chapter 11 bankruptcy or through other means such as hiring a debt management company to help it manage debt problems better.

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Related Local Event

WBCNA Business Counseling
Dates: 11/18/2009 - 11/18/2009
Location: Chamber Boardroom
Athens, AL
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Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
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Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History