Trapped by debt? Free yourself in 7 steps...

Americans are declaring bankruptcy at record rates, with one in every 100 families affected by a bankruptcy. If you’re overwhelmed with debt, take advantage of your OPTIONS. The next time around, you might not have this opportunity. And if interest continue to rise, the burden of variable-rate credit cards and mortgages will become heavier to bear.

Americans are now carrying $683 billion in revolving credit card debt. That’s not the amount we charge every month; it’s the outstanding unpaid balances on which people pay interest. And, according to a report by Cambridge Consumer Credit Index, 47% of the people who paid less than the full amount on their credit card bills in a recent month, made only the minimum payment due. In fact, only 13% of Americans with an outstanding balance could afford to pay more than half the balance.

Pay now, or pay and pay and pay later!
Not paying off the debt is a strategy that will bury you in interest charges. The way some companies calculate the required minimum payments, it could take you as long as 30 years to pay off your original purchase. And along the way, you’ll pay four times the original charge in finance charges.

Surely the purchase that seems so important this month isn’t worth a lifetime of indebtedness.

It’s time to rein in that debt and do something about paying it down. Here are seven steps you can take to get your debt under control:

Step No. 1: Make a list of what you owe.
Step No. 2: Prioritize your repayments (highest interest 1st).
Step No. 3: Pay off credit cards and don’t roll over balances.
Step No. 4: Get a copy of your credit report and credit score -- and study both carefully.
Step No. 5: Make a spending plan.
Step No. 6: Change your FREE spending ways.
Step No. 7: Get help.

Sometimes credit problems are easily attacked once you’ve faced up to them. The only problem is that there are so many advertisements for “credit counseling” that you can’t be sure whether they’re rip-offs.

The bottom line is if you’ve taken these seven steps, you should be able to work your way out of debt and toward a brighter future. It will take time and lots of self-discipline but it’s worth the effort.

Also, it's almost March AND already my schedule for the month is filling up fast, I have just a few openings left. Again, don't wait! Sometimes time isn't on our side in unforeseen financial circumstances. So please don't hesistate to contact me - I'm sure I can find a solution. Call me directly to schedule a NO OBLIGATION CONSULTATION (760) 752-1800 x111.

Your friend,
Trent Chapman