Tips For Debt Consolidation With Keel Associates | Jenngem
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It's a known fact and statistic that people all across the United States of America are in debt. Whether the debt is from student loans, car leases, mortgages, or any other large purchase, the debt is increasing. Currently, the statistics are that 81.5% of millennials, 80.9% of baby boomers, and 79.9% of GenXers are in debt. Luckily, there are plenty of ways that we can consolidate debt. Here are a few tips that may help you on your journey to living a debt-free life.

Make A List

The one thing, above all else that you should do is to make a list. Sit down with a pen and a paper (or your computer), and try to think of all of the places that you owe money to. Credit card companies, student loans, home loans, car payments or leases, any rentals that you may have, try to think of everything. It's okay if you miss something the first time around. When you remember, you can just add it to the list. Then, look at what the smaller debts are, and try to hash out a payment plan so you can get those out of the way first, before moving onto the bigger debts.

Balance Your Budget

Make sure that you aren't overspending. When trying to consolidate your debt, sit down and take a good hard look at your budget. Look at where you are spending your money. If you find that you are spending a lot of money on things like, well the age-old example of that coffee from the drive-thru in the morning, you could invest in something like a coffee maker. Something that will make the same type of coffee you enjoy, but you can bring it from home instead. You will be surprised at just how much money you will save by doing a small act like that.

Improve Your Credit

This may sound like an impossible thing to do when you are trying to pay off your debt, but it is possible! For example, if you have credit cards that have smaller balances on them, versus the ones that are almost maxed out, do your best to pay off those little debts. This will slowly help to increase your credit score. Keep the accounts open, but leave the cards somewhere at home, so you are not tempted to use them. A small act like this can help to improve your credit score and help you on your way towards being debt-free.

Lower Your Interest Rate With Keel Associates

When you are looking to consolidate your debt, you most definitely want to look into lowering the interest rates on your credit cards. This is where Keel Associates can help you out! If you are looking into work on lowering your debt and get those interest rates on your credit card down, give Keel Associates a call at  800-650-4596 and they will be more than happy to help you get on the road to being debt-free.

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