MANAGE Your Money, Liberate Your Life

Debt Resolution Services

The Life Money Center can help you achieve your debt reduction goals...

The anxiety caused by debt has a way of clouding our judgment and scrambling our emotions so the first step in resolving your debt problem is to take a deep breath and clear your mind.  Done? Good.

What caused your debt may be complex and varied but the steps to resolving a debt crisis are simple. Clean off your desk or kitchen table and let’s get started.

Get Started Today...

Call a Life Money Consultant for a no cost/no obligation personal financial assessment to discuss the benefits and challenges of each approach.

Call 888.778.4229

 Press Option 1

WHAT YOU CAN DO:

Clearly Understand the Scope of the Problem

  1. List all of your debts on a piece of paper and organize into secured and unsecured debt. Mortgages and auto loans are secured debts. Credit cards are unsecured debts.  List the total amount owed as well as the monthly payment.
  2. Determine the money you have available to pay off the debt. On another sheet of paper list how much money you regularly bring in each month. Subtract all of your normal monthly expenses not including your debt payments. (Our Income and Expense Worksheet can be downloaded here for your convenience)
  3. Finally write down any way you could realistically increase your monthly income or decrease your monthly expenses.

 

Solutions

There are 5 and only 5 ways to resolving a serious debt problem:

  1. Increase your income and decrease your expenses so you can pay off your unsecured debt in 3 to 5 years, paying each creditor as agreed.
  2. Consolidate your unsecured debt by borrowing at a low interest rate to pay off higher interest rate debt over a term of 5 to 7 years.
  3. Enroll in a Consumer Credit Counseling Program.
  4. Negotiate terms and settle your accounts at lower than the current balance.
  5. Bankruptcy

 

 

At the Life Money Center, we can help you sort through all the confusions and difficulties to get the best solution for your needs.

Call 888.778.4229 to get started.

 

 

Call 888.778.4229

for a no-obligation appointment with one of our debt specialists.

100 Sun Avenue NE, Suite 650, Albuquerque, New Mexico 87109

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MANAGE Your Money, Liberate Your Life