Solving Debt Problem Louisiana

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

Credit Services
(225) 295-0759
2531 Toulon Dr
Baton Rouge, LA
Consumer Credit Counseling
(337) 407-1058
Opelousas, LA
Consumer Credit Counseling
(504) 561-1700
New Orleans, LA
Warning & Associates
(225) 275-7110
10136 Florida Blvd
Baton Rouge, LA
B B Real Estate Solutions
(504) 349-9445
1133 MacArthur Ave
Harvey, LA
Consumer Credit Counseling
(504) 398-3022
Belle Chasse
New Orleans, LA
Consumer Credit Counseling
(337) 528-2193
Sulphur, LA
Consumer Credit Counseling
(985) 385-0689
Morgan City, LA
Consumer Credit Counseling
(318) 343-8005
Monroe, LA
Consumer Credit Counseling
(337) 491-8627
Lake Charles, LA

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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!

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How can more debt solve your problems? You will have only one debt to pay off. As the word consolidate' implies, you bring things together to solidify it. In the case of debts, you can pay them off in one go by consolidating them.
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Regional Articles
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- Solving Debt Problem Gonzales LA
- Solving Debt Problem Gretna LA
- Solving Debt Problem Hammond LA
- Solving Debt Problem Harvey LA
- Solving Debt Problem Haughton LA
- Solving Debt Problem Houma LA
- Solving Debt Problem Jennings LA
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- Solving Debt Problem La Place LA
- Solving Debt Problem Lafayette LA
- Solving Debt Problem Lake Charles LA
- Solving Debt Problem Leesville LA
- Solving Debt Problem Mandeville LA
- Solving Debt Problem Marrero LA
- Solving Debt Problem Metairie LA
- Solving Debt Problem Minden LA
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- Solving Debt Problem New Iberia LA
- Solving Debt Problem New Orleans LA
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- Solving Debt Problem Pineville LA
- Solving Debt Problem Plaquemine LA
- Solving Debt Problem Ponchatoula LA
- Solving Debt Problem Prairieville LA
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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.
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