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TAKING CONTROL OF YOUR FINANCES WITH DEBT MANAGEMENT

Taking control of your finances with debt management

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Advantage Credit Counseling Service has been helping their clients get out of debt for over 40 years. The certified credit counselors at Advantage CCS will help you learn to better manage your money while developing a strategy for your stress-free financial future. Contact Advantage CCS today at 1.866.699.2227 to get started on your personalized debt management plan.

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Page 1: Taking control of your finances with debt management

TAKING CONTROL OF YOUR FINANCESWITH DEBT MANAGEMENT

Page 2: Taking control of your finances with debt management

FINANCIAL LITMUS TEST

WE CAN HELP YOU BETTER UNDERSTAND YOUR DEBT.

Page 3: Taking control of your finances with debt management

FINANCIAL LITMUS TEST

WE CAN HELP YOU BETTER UNDERSTAND YOUR DEBT.

HOW MUCH DO YOU OWE?

The interest rate is a loan expense that is charged for the use of borrowed money and is calculated as a percentage of the unpaid principal amount of the loan.

Interest rates are charged from month to month, with your outstanding balance being multiplied by the interest rate to determine the amount of interest that you will have to pay each month.

“In order to avoid paying too much on your borrowed money, it is best to have complete knowledge of your loan’s interest rate.”

Page 4: Taking control of your finances with debt management

GOOD DEBT vs. BAD DEBT

GOOD DEBT BAD DEBTIn contrast, bad debt is accrued with purchases that

do not increase overall wealth or invest in services

that provide a lasting value. Purchasing non-essential

goods wisely combined with good money

management is the best way to avoid this type of

debt. In addition, bad debt can be built up with

consistent purchases on a credit card while only

paying minimum payments. With interest, late fees

and penalties quickly adding up, the goods or

services you purchase are often not worth it in the

long-term.

LATE PAYMENTS& PENALTIES

Page 5: Taking control of your finances with debt management

LATE PAYMENTS& PENALTIES

Page 6: Taking control of your finances with debt management

LINE OF BUSINESS

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