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Carrying credit card balances with high interest rates and making multiple payments to various debts costs you money.
For example, if you are carrying a credit card balance of $8,000 at 18.9%,
you could save up to $952 a year
if you consolidate that debt into a 7%† loan.
Here are some tips to help you reduce your debt and save:
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Develop a budget with realistic wants and not just your needs. It's easier to stick with a plan that gives you some rewards and incentives.
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Leave room in your budget for the odd big surprise.
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Reduce your number of credit cards to make it easier to track your spending.
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Set up a loan with regular monthly payments to reduce revolving debt.
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Pay down the debt with the highest rate first and consolidate at a lower rate.
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Use money from a debt you've paid down to start a savings program.
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Don't fall into the temptation to start another debt after you consolidate. It could leave you in worse shape than when you started.
Reduce your debt with help from Capital City Savings. Call us today at 496-2424 or toll free at 1-877-496-2151.
† Rate for illustration purpose only. Actual rate will vary depending upon individual credit.
Whether it's that special holiday, a new kitchen or a pet project, a personal loan from Capital City Savings gives you more for your money:
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Simple interest calculations - you pay interest only on what you owe, for the time you owe it
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No payout penalties - reduce your loan in part or in full at any time, without notice or penalty
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Competitive loan interest rates
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Life and disability insurance - low-cost insurance coverage is available to handle your loan payments in the event of death, accident or illness
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Flexible repayment schedules - we'll tailor the loan to suit your repayment schedule
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Fast, friendly service - as a member of Capital City Savings, your loan request will receive fast, efficient and professional attention
Contact us today for more details or to make an appointment with one of our Personal Bankers.
Phone 496-2000 or toll free 1-877-496-2151 or
email
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