Assess | Avoid | Attack
Assess your situation: The first step toward debt reduction is understanding how much debt you really
have. Use this worksheet to get a big-picture view of all your debts.
Complete the first four columns of the worksheet. We’ve provided a credit card example to help get
you started.
Common types of debts you may have include credit cards, mortgages, auto loans, payday loans and
unsecured loans. You may also have medical debt, back child support and informal loans from friends
or family.
When you start your debt-pay-down plan, focus all extra amounts paid to either the highest-interest
rate debt or the one with the smallest balance. Pay minimums on the rest.
Debt Name Remaining Balance Interest Rate Minimum Payment Actual Monthly Payment
Ex: Credit Card $8,765 11% $168 $200
Actual Monthly Payment
USAA means United Services Automobile Association and its aliates. NC-0220
$ 0.00