Paying down debt can seem difficult at best. Here are some tips to tackle your credit once and for all.

1. Have You Ever Wished
for a
“Get Out of Debt Free Card”?

2. Wouldn’t it be nice if life were like Monopoly* and
instead of a “Get Out of Jail Free”, there was a
“Get Out of Debt Free” card?
While you may not be able to pull the Get Out of
Debt Free card from the “Chance” pile, here are
some tips that might help you get rid of your debt
once and for all.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca
*Special thanks to Hasbro for all those years of fun!

3. Make a list of:
•Each interest rate
•What you owe
•How long it will take to pay back
each one making only the
minimum payment.
Use this information to decide
which card you’ll begin paying off
first.
1. Really Look At The
Cards You Have
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

4. 2. ALWAYS Pay More
Than the Minimum
To pay off your debt, you have
to pay more than the minimum
amount each month.
Minimum payments are
designed to keep you in debt
for years.
Even just a small amount over
the minimum will save you
money in the end.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

5. 3. Don’t Take On More Credit
Don’t be tempted by offers
and discounts that seem too
good to pass up.
Unless you pay your cards in
full every month, they will cost
you more in the long run and
get in the way paying down
your debt.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

6. 4. Make a Budget to Reduce
Your Debt
Look closely at your budget
and find areas where you can
cut costs.
Put that money towards
paying down your credit
cards.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

7. 5. Be Aware of Costs
Credit card companies make (a
lot) of money from fees and
interest.
As you pay down your cards:
Avoid those costly fees!
• Don’t go over your limit
• Pay your bill on time
• Avoid cash advances
This will help you save money
and pay your debt off faster.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

8. Tackling your credit card debt may
seem like a daunting task at first.
If you make a plan, stick to it, and
remember the costs associated with
carrying credit card debt, you’ll be able
to save money and pay your cards off
faster.
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

9. If you are looking for ways to
manage debt in Alberta, click here for more
information or
Schedule a free consultation with one of our
licensed bankruptcy trustees.
Visit
www.solvingdebt.ca
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca

10. If you are looking for ways to
manage debt in Alberta, click here for more
information or
Schedule a free consultation with one of our
licensed bankruptcy trustees.
Visit
www.solvingdebt.ca
Bromwich and Smith: 1-866-353-6726 inquiries@solvingdebt.ca