Skip to main content
Apply for a loan Open an Account

Reduce Debt

frustrated man looking at bills with family in the background
Debt Reduction - First Steps
We know how overwhelming debt can feel. That’s why we’re here to help—you don't have to do it alone. We offer personalized solutions to reduce debt, save money, and move closer to the future you want.

Couple reviewing bills and working on a budget together
Start with a Budget

Gather all your information and make a plan.

Track your income and expenses

Set financial goals

Create a budget

Build a budget



Get Out of Debt

Managing debt is the best way to find financial freedom. This Coach session acts as a virtual Debt Coach, providing useful strategies to manage your personal debt situation and create a plan to pay off your debts using the debt snowball or avalanche methods.

Couple spending time together watching a video
Debt Snowball
The debt snowball method is great for building strong habits of paying down debt. While it won't minimize your overall payments, it is often a more sustainable way to attack your debts.

Step 1: list your debts by lowest to highest regardless of interest

Step 2: focus extra money on paying down the smallest debt

Step 3: take what you were paying on that debt and add it to minimum payment on next smallest debt

Step 4: repeat until you are completely debt-free!

A woman ready a texting
Debt Avalanche
The debt avalanche method reduces the overall money you will use to pay off your debts. It requires a lot of patience, but will pay off if followed through.

Step 1: list your debts by highest to lowest interest rate

Step 2: focus extra money on paying down the debt that has the highest interest rate (this will often be credit cards)

Step 3: take what you were paying on that debt and add it to minimum payment on the debt with the next highest interest rate

Step 4: repeat until you are completely debt-free!

Debt Consolidation Options

Debt Consolidation Options

Home Equity Line of Credit

HELOCs are flexible and can be used to lower debt costs

  • Consolidate high interest bills
  • Manage large, unexpected expenses

Home Equity Loan

Home Equity Loans make sense when you need a specific amount or can make a single payment

  • Consolidate bills and reduce the interest
  • Fixed interest rate can lower costs

Personal Loan

A good alternative when you don't have a lot of equity

  • Fixed payments and interest rate
  • More economical than using a credit card

trending blog posts

man-and-woman-couple-paying-bills
Saving for Retirement in Uncertain Times

Lately, the news cycles are a constant stream of shifting economic indicators, market fluctuations, and whispers of potential headwinds. So, how ...

Lower Payments or a Shorter Term - Why You May Want to Refinance Your Car

Refinancing your car loan can often be a smart financial move, potentially saving you money. Here's why you should consider it.

A Guide to Bill Consolidation

Managing multiple bills and loan payments can feel like a juggling act if you don’t have a plan. Bill consolidation emerges as a practical ...

Previous
Next



Earning Extra Income

When it comes to earning extra income, you’ve got options—and those options have options! In this Coach session, walk through the ins and outs of extra income, including expenses and tax implications. To begin the Coach session, select Get Started. Next, follow along, answer questions, and provide information when asked.