Solving Debt Problem Connecticut

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

Connex Credit Union
203 603-5792
849 Boston Post Road
Guilford, CT
Guilford Savings Bank
203 453-2721
P.O. 369/1 Park Street
Guilford, CT
NewAlliance Bank
203 453-7529
1021 Boston Post Road
Guilford, CT
Webster Bank
203-458-5320
1069 Boston Post Road
Guilford, CT
Budgetwiz
(860) 405-1000
258 Route 12
Groton, CT
Consumer Credit Conseling of Sne
(860) 632-1660
5 Coles Rd
Cromwell, CT
Rigoglioso ESQ Joseph P
(203) 922-8100
375 Coram Ave
Shelton, CT
Credit Management Corp
(860) 399-5531
1551 Boston Post Rd
Westbrook, CT
Money Management International
(860) 293-1336
Hartford, CT
Debt Consolidation
(203) 331-8686
Bridgeport, CT

Provided by:

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

Connex Credit Union

203 603-5792
849 Boston Post Road
Guilford, CT
http://www.connexcu.org

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Related Articles
- Saving Money Connecticut
No matter how much money you owe, and no matter how tight money gets, remember that life is too short to spend time worrying. The real "secret" to getting completely out of debt is actually very simple.
- Debt Settlement Connecticut
- Dealing With Debt Connecticut
- Personal Loan Review Connecticut
- Eliminating Credit Card Debt Quickly Connecticut
- Debt Consolidation Primer Connecticut
- Debt Counseling Connecticut
- Finding Debt Consolidation Loan Online Connecticut
- Get Me Out Of Debt Connecticut
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