Managing Debt

Written By Aaron Sarentino
Feb 25, 2018
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Managing your debt is something most of us do not even want to think about. It takes time, hard work, knowledge and dedication to get out of debt. However acting as if it doesn’t exist isn’t going to make it disappear. If you haven’t taken a look at your credit report lately, we strongly recommend taking a look at it. Everyone deserves financial freedom.

Managing debt is simplified when you use a credit monitoring tool that assists you with fraud protection, accuracy, disputes and a full detailed report of your credit. Getting out of debt will improve your credit score, and save you money.

Know How Much Financial Obligation You Can Take On

A key to managing debt is knowing how much new financial obligation you can take on at any one time. Set aside regular time to review your monthly banking and financial statements to get an overall picture of things.

How Much Debt Do You Already Have?

In order to know how much debt you can take on for a new car, home or educational purposes, you have to know how much debt you already own. Do you have an idea of the total amount of outgoing payments for life’s necessities? If you don’t, get started now figuring out your total payments on everything from utilities, to cable, insurance, loans and living expenses.

Break Your Variable Debt Payments Into Regular Installments

Managing your debt is easier when you break your payments down into regular installments. For example, if your utility bill, transportation and eating expenses vary each month, take a look at the average cost of these for the last 12 months. Then pull some money out of each paycheck to cover the total. That way you won’t get caught off guard and you can get a rough estimate of how much money you’ll spend, even if the total varies each month.

Begin To Save A Little More

Paying down existing debt goes hand in hand with managing it. Look for ways to get creative about current spending. If you need a new computer for school, perhaps one that is 2-3 years old will work just as well as a brand new one. Take the extra money and put it in your savings account.

Managing debt gets easier with practice. Invite your family along and make it a game. Have a contest to see who can save the most and at the end of the year reward the winner with a percentage of the total savings to splurge.


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About Americor

Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

18200 Von Karman Ave, 6th Floor Irvine, CA 92612
New Clients:
[email protected]
Existing clients:
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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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