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Credit Disaster Plan

Avoid a major credit and debt disaster

Don't Let Credit or Debt Ruin Things

Avoiding a credit disaster is one of the most important things you can do as a consumer. Especially if you are a married couple. Many times we ignore the signs of impending danger and assume the spouse will take care of things. It’s best if everyone is on the same page.

Have you missed a credit card or mortgage payment? Or are you afraid of missing one down the road? Are the payment deadlines getting harder and harder to make on schedule? You must exhaust all options to avoid late fees, charge-offs, or foreclosure! The impact on your credit report can be lasting for up to 10 years in some cases.

Tips to avoid disaster:

  • Don’t ignore the problem.
  • Contact the creditor once you realize there is a problem.
  • Keep open communication with them and DO NOT IGNORE mail and phone calls from them.
  • Learn about options for help with mortgage and credit card trouble.
  • Prioritize and re-evaluate your spending habits.
  • Use your assets to create additional income.
  • Avoid debt consolidation programs and or foreclosure prevention companies.
  • Beware of scams. Does it sound too good to be true?

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