Document The Facts
The last few tips have been to gather statements, highlight interest rates, call creditors to negotiate lower rates and now it is time to document the facts.
Grab a piece of paper and write down the following:
- Account name (e.g., Chase Visa, Macy’s, Target, etc)
- Interest Rate
- Minimum Payment
- Actual Payment
Knowing where you stand with overall payments will help build a budget and eliminate costly credit one creditor at a time.