SUBSCRIBE
Enter your Name and Email address to get
the newsletter delivered to your inbox.
Please include name of person that directed you to my online newsletter so I can thank them personally.
Anthony J. Bardi
Registered Representative
Enrolled Agent, LTC# 454
Tax and Financial Solutions, Inc.
151 SE 223rd Avenue
Gresham, OR 97030
Phone: 503-666-7909
May/June 2022
Pay Off, Not Down
U.S. consumer debt — including money owed on credit cards, student and auto loans — reached $4.37 trillion in September 2021, according to the Federal Reserve. If you’re carrying balances on high-interest credit cards, paying them off should be a priority. Having a pay-off strategy can help you stay on track toward becoming debt free.
Create a Payment Strategy
Pay off the card with the highest interest rate or the largest balance. Pay as much as you can toward one card, while paying the minimum on your other cards. When the first card is paid off, put the same amount toward the card with the next highest rate or biggest balance.
Another strategy is to pay off cards with low balances first. Eliminating several small balances may give you a psychological boost and help you continue the momentum with your higher balance cards.
Consolidate Debt
A debt consolidation loan allows you to pay off your cards and have a single monthly payment, often at a lower interest rate.Seek Credit Counselling
Your financial professional is able to help guide your through this process. Also, nonprofit credit counseling agencies can help you eliminate debt and teach you good financial skills.CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
Tax and Financial Solutions, Inc. and LTM Marketing Solutions, LLC are unrelated companies. This newsletter was created by LTM Marketing Solutions, LLC and was not written or created by the named financial professional and does not necessarily represent the views and opinions of Cetera Wealth Services LLC or its subsidiaries. Securities offered through Cetera Wealth Services LLC, member FINRA/SIPC. Advisory services offered through Cetera Investment Advisers LLC, a registered investment adviser. Cetera is under separate ownership from any other named entity.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.