There are more and more Americans today who are finding themselves in a hole of debt. We understand. In all honesty, personal debt has been a problem for a long time and the bills are once again starting their little piles. However, it enables us to understand where the average borrower is coming from when dealing with the consumer debt that suddenly overwhelms everyone in its path.
Mile High Banks, N.A.
(303) 457-8585
1499 W. 120th Avenue, Ste. 110
Westminster, CO
Vectra Bank Colorado - Thornton Branch
(720) 947-8051
4151 E. 136th Ave
Thornton, CO
Wells Fargo Bank - Standley Lake
(303) 438-4020
10001 Wadsworth Pkwy.
Westminster, CO
Silvertree Business Services, LLC
(303) 289-2607
871 Thornton Pkwy., #199
Thornton, CO
SCHMIDT & ASSOCIATES, P.C.
303741-5600
7100 E. Belleview, Ste. 307
Greenwood Village, CO
Citywide Banks - Metro North
(303) 365-8843
11990 Grant Street, Suite 100
Northglenn, CO
TCF Bank
(720) 670-0007
9660 Washington Street
Thornton, CO
Wells Fargo Bank - Brighton
(303) 655-3120
15 S. Main St.
Brighton, CO
Brock & Company, CPA's, P.C.
(303) 450-0400
11990 Grant St., Suite 220
Northglenn, CO
IAN D. GARDENSWARTZ & ASSOC., PC
303388-3782
6825 E. Tennessee Ave., Bldg 1
Denver, CO
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Steps
- make sure your budget is targeted for four fifths of your total net earnings.
- Start the process of selling things you do not really need (This can be done through such sites as e-bay or Craig's list. You can also have a garage sale).
- Stop buying things you don?t need - Start looking for generic items, always wait 3 days before buying something you know you don?t need. Think carefully during that time.
- Find out exactly how much debt you have - calculate your monthly payments. Add up how much you owe.
- Find out how much you can afford to pay - Figure out your exact net income. Compare your yearly income to your total debt balance.
- Find out what kind of debt you have - Positive debt includes home mortgages and loans for necessary vehicles. Negative debt includes unsecured credit card debt with high interest. Ruinous debt includes those loans taken out solely to pay other loans.
Tips
- When calculating your debt using an excel sheets helps to organize all the debt balances into one document. With all of your debts recorded and updated onto an excel sheet you can begin to see trends and what debt amounts need to be taken care of immediately.
- For those who have many different kinds of unsecured debts it might make sense to find a way to consolidate those debts into one.
- If credit card debt amounts are simply too high for you to handle it might be time to speak with a debt settlement company and let them negotiate your debt amounts for you.
- If a debt settlement company is not an option for you, you can always try to negotiate the interest rates yourself or even lower the debt amounts. This might take a bit of finesse.
Warnings
- Before seeking debt settlement or debt consolidation services make sure you understand the differences between unsecured and secured debt amounts. This is important because debt settlement companies can't help with secured debt amounts.
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