Solving Debt Problem Canoga Park CA

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

Chellie Campbell's Financial Stress Reduction Workshop
(818) 906-9894
15047 Marble Dr.
Glendale, CA
AAA Debt Counseling
(310) 441-9081
1800 Parnell Ave
West Hollywood, CA
T H D Credit Consulting
(310) 207-5333
11628 Santa Monica Blvd
West Hollywood, CA
Lockheed Federal Credit Union
(818) 565-2210
2340 Hollywood Way
Glendale, CA
Aladdin Credit Services
(213) 427-0044
324 S St Andrews Pl
West Hollywood, CA
Financial Counseling Center
(323) 954-4330
4311 Wilshire Blvd
West Hollywood, CA
I C R L Bishop Austin
(213) 388-2361
3250 Wilshire Blvd
West Hollywood, CA
California Consumer Credit
(323) 667-9999
4216 Fountain Ave
West Hollywood, CA
Debt-2-Zero
(213) 380-0162
611 S Catalina St
West Hollywood, CA
California Credit Union
(818) 291-5543
701 N. Brand Blvd.
Glendale, CA

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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

Chellie Campbell's Financial Stress Reduction Workshop

(818) 906-9894
15047 Marble Dr.
Glendale, CA

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- Get Me Out Of Debt Canoga Park CA
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- Personal Loan Review Canoga Park CA
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