The new year is a great time to review your overall personal finances: See how much you have in savings, investments, debt, expenses, etc., and review, update or create your personal budget.
Create some financial goals for the year. Goals can be for needs or wants. Paying off a $900 credit card debt might be a goal, or perhaps buying a new set of $800 car tires, or saving $25 each pay period with automatic deposit.
As debt has been on the rise, many people have chosen to focus on paying off credit card debt. One thing that can help is CCOA’s Debt Management Program (DMP). It can stop late fees and over-the-limit fees, lower interest rates, and lower monthly payments, while repaying your debt back in full within three to five years (not settling a debt for less, as “debt settlement” does. Debt settlement, such as only paying $1,100 off on a $2,000 debt, can greatly hurt your credit score and result in owing taxes on the forgiven debt.).
Find out more about CCOA’s DMP here https://www.ccoacares.com/services/money-management/debt-management/, then call CCOA at (479) 521-8877 to schedule your free appointment to get started in becoming debt free!
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