{"id":5507,"date":"2019-05-16T13:31:21","date_gmt":"2019-05-16T17:31:21","guid":{"rendered":"http:\/\/caissealliance.absoludev.ca\/?p=5507"},"modified":"2019-05-16T13:31:21","modified_gmt":"2019-05-16T17:31:21","slug":"step-3-pay-off-your-debts","status":"publish","type":"post","link":"https:\/\/www.caissealliance.com\/en\/personal\/savings\/step-3-pay-off-your-debts\/","title":{"rendered":"Step 3 \u2013 Pay off your debts"},"content":{"rendered":"<div id=\"mastercardhead\">\n<p>Perhaps you\u2019re in debt and maybe one of those who keep spending on credit instead of saving. It\u2019s essential you pay your debts off first.<\/p>\n<\/div>\n<h2>How to get out of debt?<\/h2>\n<p><strong>1- Start by pulling out all your latest statements\u00a0<\/strong>with a balance owing.<\/p>\n<p><strong>2-\u00a0<\/strong><strong>List all your debts, including:<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>credit card balances<\/li>\n<li>line of credit balances<\/li>\n<li>alimony and child support<\/li>\n<li>taxes<\/li>\n<li>\u201cBuy now and pay later\u201d financing statements (furniture, appliances, etc.)<\/li>\n<li>unpaid bills (phone, hydro, cell phone, Internet provider)<\/li>\n<li>auto and student loan balances<\/li>\n<li>loans from friends or family members<\/li>\n<li>salary advances, etc.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>3-\u00a0<\/strong><strong>Select the order in which to repay your debts<\/strong><\/p>\n<p>Learn about the 2 ways to pay back your debts. Don\u2019t forget, you can make new resolutions at any time of the year. Go ahead, make the decision to repay your debts quickly. See :\u00a0<a href=\"https:\/\/www.caissealliance.com\/en\/personal\/loans-and-debts\/how-to-reduce-your-interest-cost\/\" target=\"_blank\" rel=\"noopener\">How to Reduce Your Interest Cost<\/a><\/p>\n<p><strong>Did you know?<\/strong><\/p>\n<p>Your debt repayment plans should be spread out over a maximum period of 3 years (36 months). It\u2019s been proven that after this period, most people in debt start losing steam, and start spending again at the expense of debt repayment. Some fall back into the credit trap to the point of having to declare bankruptcy.\u00a0<strong>A 3-year debt repayment plan\u00a0<\/strong>is demanding, but it\u2019s a fast way to become debt-free.<\/p>\n<p>Find out more about\u00a0<a href=\"https:\/\/www.caissealliance.com\/en\/personal\/loans-and-debts\/bankruptcy\/\" target=\"_blank\" rel=\"noopener\">bankruptcy<\/a>.<\/p>\n<p><strong>4-\u00a0If paying off your debts in 3 years seems like an impossible task, <\/strong>there are ways to save on interest costs and other remedies to help you save time.<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li data-gc-list-depth=\"2\" data-gc-list-style=\"bullet\">See\u00a0<a href=\"https:\/\/www.caissealliance.com\/en\/personal\/loans-and-debts\/how-to-reduce-your-interest-cost\/\" target=\"_blank\" rel=\"noopener\">How to reduce your interest costs<\/a><\/li>\n<li data-gc-list-depth=\"2\" data-gc-list-style=\"bullet\">See\u00a0<a href=\"https:\/\/www.caissealliance.com\/en\/personal\/loans-and-debts\/what-to-do-about-debt-overload\/\" target=\"_blank\" rel=\"noopener\">What to do about debt overload<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>5-\u00a0Tell someone you respect about your plan. <\/strong>This way you put a bit of pressure on yourself to work harder at the difficult task of paying off your debts.<\/p>\n<p><strong>Did you know?<\/strong><\/p>\n<p>You\u2019re not the only one living with the daily stress of debt. But rest assured, solutions to the problem are close at hand. See\u00a0<a href=\"https:\/\/www.caissealliance.com\/en\/personal\/budget-and-financial-management\/a-case-like-mine-and-a-financial-planners-advice\/\" target=\"_blank\" rel=\"noopener\">A case like mine and a financial planner\u2019s advice<\/a><\/p>\n<h3>The next step<\/h3>\n<p>After you\u2019re made a plan to pay off your debts and put it into practice, you\u2019ll slowly but surely have more money to put in your emergency fund.\u00a0 See why it\u2019s important to\u00a0<a href=\"https:\/\/www.caissealliance.com\/en\/personal\/savings\/create-an-emergency-fund\/\" target=\"_blank\" rel=\"noopener\">create an emergency fund<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Perhaps you\u2019re in debt and maybe one of those who keep spending on credit instead of saving. It\u2019s essential you pay your debts off first. 1- Start by pulling out all your latest statements\u00a0with a balance owing. 2-\u00a0List all your debts, including: credit card balances line of credit balances alimony and child support taxes \u201cBuy [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[109],"tags":[],"class_list":["post-5507","post","type-post","status-publish","format-standard","hentry","category-savings"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Step 3 \u2013 Pay off your debts | Caisse Alliance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caissealliance.com\/en\/personal\/savings\/step-3-pay-off-your-debts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Step 3 \u2013 Pay off your debts | Caisse Alliance\" \/>\n<meta property=\"og:description\" content=\"Perhaps you\u2019re in debt and maybe one of those who keep spending on credit instead of saving. It\u2019s essential you pay your debts off first. 1- Start by pulling out all your latest statements\u00a0with a balance owing. 2-\u00a0List all your debts, including: credit card balances line of credit balances alimony and child support taxes \u201cBuy [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.caissealliance.com\/en\/personal\/savings\/step-3-pay-off-your-debts\/\" \/>\n<meta property=\"og:site_name\" content=\"Caisse Alliance\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-16T17:31:21+00:00\" \/>\n<meta name=\"author\" content=\"olabso\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"olabso\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/savings\\\/step-3-pay-off-your-debts\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/savings\\\/step-3-pay-off-your-debts\\\/\"},\"author\":{\"name\":\"olabso\",\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/#\\\/schema\\\/person\\\/fa514e945f74db9c21e04f3b1bd401ff\"},\"headline\":\"Step 3 \u2013 Pay off your debts\",\"datePublished\":\"2019-05-16T17:31:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/savings\\\/step-3-pay-off-your-debts\\\/\"},\"wordCount\":384,\"commentCount\":0,\"articleSection\":[\"Savings\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/savings\\\/step-3-pay-off-your-debts\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/savings\\\/step-3-pay-off-your-debts\\\/\",\"url\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/savings\\\/step-3-pay-off-your-debts\\\/\",\"name\":\"Step 3 \u2013 Pay off your debts | Caisse Alliance\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/#website\"},\"datePublished\":\"2019-05-16T17:31:21+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/#\\\/schema\\\/person\\\/fa514e945f74db9c21e04f3b1bd401ff\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/savings\\\/step-3-pay-off-your-debts\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/savings\\\/step-3-pay-off-your-debts\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/personal\\\/savings\\\/step-3-pay-off-your-debts\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Step 3 \u2013 Pay off your debts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/\",\"name\":\"Caisse Alliance\",\"description\":\"Site Web de la Caisse Alliance\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.caissealliance.com\\\/en\\\/#\\\/schema\\\/person\\\/fa514e945f74db9c21e04f3b1bd401ff\",\"name\":\"olabso\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Step 3 \u2013 Pay off your debts | Caisse Alliance","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.caissealliance.com\/en\/personal\/savings\/step-3-pay-off-your-debts\/","og_locale":"en_US","og_type":"article","og_title":"Step 3 \u2013 Pay off your debts | Caisse Alliance","og_description":"Perhaps you\u2019re in debt and maybe one of those who keep spending on credit instead of saving. 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