We’ve all been there. Take a deep breath; we can help.
The key is to take it one step at a time.

  • Make sure you’re paying at least the minimum owing on every loan and credit card each month. If it’s hard to keep track, set up automatic payments on your online banking so that one doesn’t get missed. Paying your bills on time makes up the bulk of your credit score, so you don’t want to neglect this.
Next, while paying the minimums on ALL of your debts, 

  • Put any extra money you can use toward your smallest debt.
  • Once it’s paid off, take the money you were paying on that one and move it to join the minimum payment on the next smallest debt, and so on.
  • As you do this, you’ll eliminate payments and feel like you’re getting somewhere. Once you get to the larger debts, you’ll have more money to throw at them and they will go down much faster!

Consider closing any high-interest credit card accounts so that you’re not tempted to rack them up again!

Good luck! We know you can do it 🙂

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