Sticking to Your New Year's Debt Repayment Resolutions

Did you make a New Year’s resolution to get out of debt this year? If you want to succeed you need to create a debt repayment plan and stick to it.

Here are some tips to help you succeed with your debt resolutions.

  1. Figure Out What You Owe. Create a list of your outstanding debts and talk to your creditors about a repayment plan.
  2. Set Goals. Know when you want to repay your debt and if you need to improve your cash flow.
  3. Repay Your Debt. Prioritize your payments. Pay off your high interest debt first.
  4. Stick to your Plan. Automatic bill payments are a great way to ensure you don’t miss any debt repayments or other bills.
  5. Get Help. If you are struggling reach out for debt help. Talk to an expert to see if you need a more formal debt repayment program like bankruptcy or a consumer proposal.

Debt_Reduction_New_Years_Infographic

Similar Posts:

  1. How to Get Debt Consolidation with Bad Credit
  2. How to Solve Debt Problems
  3. Why Budgeting is a Bad Idea
  4. Are You Drowning In Debt?
  5. How Much Debt is Too Much?

Get A Personalized Debt Free Plan

Find an Office Near You

Offices throughout Toronto and Ontario