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Debt relief checklist

 

The temptations of the today's consumer world states an announcement: Buy now, pay later, and frequently we find it hard to resist this impact. Living on credit has doubtless advantages and brings us to better existence. But there is a trap: if a person overestimates his/her financial strength, he/she can easily plunge into financial difficulties. Here is the debt relief checklist which can help you to avoid debt traps.

You can download this template in VIP Organizer or VIP Team To Do List database format.

You can order complete (full) checklist or all complete (full) checklists in convenient MS Word and PDF printable format. BUY NOW! 

DebtReliefChecklist.zip 6,5 Kb


1. Introducing budget limitations

  • Make your best to limit your everyday spending
  • Consider to sell your property and assets
  • Use online stores to sell old and used goods to save money
  • Consider to raise your insurance deductibles (to lower your premiums)
  • Remember to devote every extra dollar you can to pay off debt
  • Cut you r specialists down to no more than 25% of budget
  • Start to look for better job

2. Making a list of outstanding debts

  • Define a type of debt: commercial loan, mortgage, credit card, car loan, etc.
  • For each of the defined debt type, gather the following info:
    • Amount owed
    • Minimum payment required
    • Interest rate
    • Current monthly payments
    • Due date
    • Paid in full/reward
  • Compose a list of outstanding debts ordered by interest rate and payment due date
  • Set priorities to all your payments

3. Managing your credit cards

  • Check which one of credit cards charges the highest interest rate
  • Transfer your debts to the card with the lowest interest rate
  • Call each company-creditor and try to ....

    You can order complete (full) checklist or all complete (full) checklists in convenient MS Word and PDF printable format. BUY NOW! 

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