Navarro Financial Coaching

I had a meeting with a client this morning and he wanted to explore the possibilities of having one single credit card payment instead of four separate payments. Here is what we came up with and his homework:

1. Talk to your bank and ask if they offer debt consolidation loans, also known as personal loans. They make it possible to combine your debts into one loan with a fixed interest rate and fixed repayment terms.
2. Look into a balance transfer credit card. It lets you consolidate into a NEW credit card with 0% APR for a limited time.

The real discovery here is that the options above are just a band-aid. True change comes when behavior is adjusted.

What behavior(s) need to change to be debt free?