LaVoz
In English
En Español
In English
En Español
 
  Around the City
  Arts & Entertainment
  Automundo
  Business
  Classifieds
  Commentary
  Community
  Education
  El Mundo
  Environment
  From the Publisher
  Health
  Immigration
  La Vida Latina
  La Voz Special Editions
  La Voz NAHP Awards
  Letter to the Editor
  Mis Recuerdos
  My Money
  Nuestra Gente
  Of Special Interest
  Politics
  Pueblo/Southern Colorado
  Que Pasa
  Sports
  Student of the Week
  Technology
  Vecinos
  Where Are They Now?
  Archives
  Home
 
 
Taking steps to manage your debt
 
 

By Pat Cortez
News@lavozcolorado.com
 
01/05/2011

Rising personal debt is a concern for many individuals. Here are several steps to help you manage debt wisely:

• Know the signs
Is your spending more than your income? Can you put money into savings each month? Can you only make the minimum payment on your card? Do you use multiple credit cards? These, and other, red flags can indicate that your debt is becoming unmanageable.

• Know where you stand
Consider all your outstanding debt – credit cards, car payments, mortgage and student loans – to determine your total debt situation. Create or update your budget. Use your financial provider’s online tools to track spending, stay on budget and pay down debt.

• Know the benefits of debt consolidation
Combining debt into one account may not improve your credit score, however, it can help you better manage your debt over time. Make sure you know the cost and the impacts on the amount of interest and fees you will pay to consolidate.

• Know your options
Financial service providers may offer a number of debt consolidation options to qualified borrowers. Sit down with a banker and go over all of your options to find the one that best fits your needs. Options could include: home equity accounts, and secured and unsecured personal loans and lines of credit.

• Get started!
Meet with a banker to pick the right solution for your specific needs. The key to financial success is to use credit wisely.

 

 

 

 

 
Click on our advertising links for:
SERVICE DIRECTORY
CLASSIFIEDS
La Voz
'You Tube Videos'
An EXCLUSIVE La Voz Bilingue interview
with President Barack Obama
Pulsa aquí para más episodios

Follow La Voz on:

Tweeter FaceBook Tweeter
POLL QUESTION

 

© 2017 La Voz Bilingüe. All Rights Reserved.

Advertising | Media Kit | Contact Us | Disclaimer

12021 Pennsylvania St., #201, Thornton, CO 80241, Tel: 303-936-8556, Fax: 720-889-2455

 
Site Powered By: Multimedia X