Mommy and LifeStyle blog By: EINz

Monday, November 25, 2019

Getting Out of Credit Card Debt with Colony Associates!

Paying off debt wasn't only about getting rid of what you owe at the moment but making sure you have the focus and discipline on keeping yourself debt-free all throughout. It's also important to know where to find help when you get off the track. The low interest rates offered by Colony Associates is a good example of the first step to take as a solution.

So, have you started with your holiday shopping yet?

As for me, this is the best time to charge all the holiday spendings on Credit Card 😉. Bank providers simply entice us to use credit cards with corresponding e-coupons and bigger holiday treats on every required amount spent!

Times like this that I truly appreciate the goodness of having a card that gives rewards every time you shop. The choice to use credit over debit is undeniably more beneficial and exciting! Just make sure not to indulge too much on your excitement and atleast carefully plan the holiday budget.


Always remember that while it is good to take advantage of rewards and holiday offers, it's still the best to spend only the amount that you can pay in full when the payment due arrives, or else all the freebies and rewards wasn't actually "free". As you realized you still paid for those goodies with all those interest and charges incurred. Yikes!

Most people found themselves on higher debt with this common mistake of over spending due to holiday rush, giving them a hard time to pay off debt the following year. Paying off credit cards was just a basic example of getting out of debt.

The usual solution of getting out of debt fast  was that of  Colony Associates' service to prioritizing what clients need by offering a single monthly payment with low interest rates.

To clearly understand what action to take, we must first take a look of  these 10 Biggest Mistakes People Make When Paying off debt:

  1. Same Old spending habits
  2. Trying to dig out of debt alone
  3. Signing up for a debt-relief program, but not understanding what is expected.
  4. Not creating a practical budget.
  5. Trying to pay off multiple debts at once.
  6. Closing accounts when they are paid off.
  7. You decide to stop contributing to a retirement account.
  8. Not setting aside emergency savings.
  9. Not verifying your credit report is correct.
  10. Not prioritizing your debt.

With the holiday rush and the honest to goodness feeling of a generous gift giver on this holiday season, we must consider double checking our budget first and go shopping with a list. A shopping list makes it easier to foresee expenses and cuts down unnecessary items that you don't actually need.

Again, this is the best time to charge all the holiday spending with your Credit Card! Would you agree? The use of credit over debit will do suffice if use with great sense of responsibility and control. Overall, taking advantage of freebies and rewards points while always paying in full  is the best way to outsmart those CC companies. 😀

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