Do you remember when you began your debt management program?
Remember how motivated and determined you were to conquer all things debt related?
What was the goal you hoped to achieve by partnering with Credit Advisors Foundation?
Are you starting to think the DMP honeymoon might be over?
It doesn’t have to be.
Revitalizing your debt management program is up to you and ... You Can!
Here are the Top 5 Hints for breathing life back into your DMP:
Hint # 1.
Pay consistently and on time.
The first hint is true whether you are in a debt management program or paying your
creditors yourself after you complete the DMP. Our research shows that for the greatest
consistency EFT/ACH is the most effective form of payment for our DMP clients. Through
the EFT/ACH process you request CAF to withdraw your payment directly from your
account on a specific date. No need to remember from month to month to buy and mail
a money order, or send funds through Moneygram. It’s easy and convenient.
And for your added convenience CAF has added additional dates for the withdrawals
to occur. The dates that are now available are the 1st, 5th, 8th, 11th, 16th, 20th,
23rd and 25th.
If you have questions, would like more information about EFT/ACH, or would like
to sign up for EFT/ACH contact us.
Hint #2 Open your mail.
If you receive mail from a creditor or CAF&emdash;open it. You need to know what’s
going on and the fastest way is to read your mail. Don’t forget to take advantage
of the technology available to you on the CAF website for monitoring your DMP account
and updating your personal information including address, phone, or email. Also,
as you review the statements you receive from your creditors, you can immediately
update creditor balances and interest rates through your personal access to your
CAF account on the website. http://www.creditadvisors.org/members.asp
Hint #3. Talk to us.
Let us know if you have questions. If you run into difficulties in following your
budget, talk to us, we may be able to share some helpful alternatives. Not only
does CAF have knowledgeable certified credit counselors in their Client Care department
to take your telephone calls, you can contact us through the website or by emailing
direct to: firstname.lastname@example.org.
In a recent client survey the number one reason for choosing CAF in assisting you
with debt management was because the CAF staff was responsive, friendly and helpful.
We still are! So talk to us, let us know what obstacles you face in achieving your
goals so we can help.
Hint #4. Recommit to your goals.
The same client survey reconfirmed what we at CAF knew to be true. That all of you,
when beginning to learn about debt management had goals you wished to achieve. Goals
such as to get out of debt, relieve the stress of too much debt or buy a new home.
As you reviewed your individual situation with the CAF certified credit counselor
you made the decision that the debt management program would be the most effective
means of achieving your financial goals. As you learn more and progress through
the program, some of your goals will be achieved. It will then be necessary to update
and refocus your goals.
Hint #5. Learn as much as you can.
The more you learn, the easier it will become to make smart credit and debt decisions
that contribute to achieving your goals. Have you asked yourself, what will make
the difference in your financial future? In most cases, gaining more information
and a greater understanding of how our financial system functions, as well as the
role played by credit and debt in our society and your life, will open new possibilities
for your future.
August 14th is National Financial Awareness Day. With so much to learn about basic
financial transactions, such as saving for your dreams, credit and debt - how to
use it and not let it use you - it is no coincidence that the following day is National
Relaxation Day. So relax on August 15th, but before you do make the effort to revitalize
your debt management program, working in partnership with CAF to achieve your financial
Whether you are six or sixty, going back to school can be both a little scary and
Not to mention costly.
Of course, Credit Advisors Foundation first recommends including any school expenses
into your monthly budget. This is so those costs are spread out over the year and
don’t hit you all at once. If you have neglected to do that this time, here
are some more ideas to get you started:
The fall clothing in stores right now is simply too hot for the first week of school.
Investigate lay-a-way. Understand the terms. Unlike charge cards, with lay-a-way,
you leave the clothes at the store and make payments during a specified length of
time (anywhere from 30 to 90 days), but you do not pay interest charges.
Books and Supplies:
Buy only what you need.
Find out from the instructor or teacher what items are required or suitable. It
is simply too costly to buy a bunch of notebooks, markers, paints, pencils, folders,
glue, tape, staples and so on if these items won’t be used. If you must buy
books, seek out the used books, checking for quality. The savings for used books
can run anywhere from 25 percent to 70 percent.
Check immediately into financial aid, scholarships and so on.
Start with the school you will be attending, but don’t forget local groups
such as churches, synagogues, educational non-profits, or community building organizations.
Even some employers will provide financial assistance for their employees or their
families going to school.
Last but not least, back to the budget. Add anticipated school expenses into your
budget now for next year to avoid the back-to-school financial crunch.
This month in our Word Search puzzle we have hidden words related to this issue
of Defeat Debt’s topics of revitalizing your debt management program and heading
back to school. Can you find them all? Give it a try!
Bring lightly salted water to a boil in a large pot.
Add pasta and cook according to package directions.
Drain and rinse in cold water.
While pasta is cooking, prepare other ingredients as instructed above in ingredients
Combine all ingredients in a large bowl, including salad dressing.
Toss to coat.
Chill in refrigerator (or on ice) until served.
Makes 16 servings. (Cost per serving: approximately 87 cents.)