Shedding the Excess Debt

Excessive-Debt

Table of Contents

Shedding Debt

When dealing with unwanted debt and getting rid of it, you will need to be realistic. It may have built up very quickly, or accumulated little by little overtime. It will take time to start trimming it off, but with a proper plan and follow through, you can achieve your debt free goals!

While it can be quick and easy to build up debt quickly due to lines of credit, payday loans or credit cards, paying these off will take some planning, and time.

Start Tracking All of your Spending

On a monthly basis, you will need to jot down everything you have been spending. Start by creating a spreadsheet so you can have everything allotted for, including household expenses. Also, try going back a few months of expenses, gather up what data you can. Once you have enough expenses captured, you can start to see what areas you are overspending, and areas you can trim or cut all together.

Getting out of Debt

Once you have listed all your spending habits, and noted the areas you need to work on, see about the areas you can cut/trim. Think about ways to increase your monthly income (side job/overtime).

Creating a monthly plan, and having your whole family stick to this is important. Having monthly budgets for each area allotted for, and having your family follow this will help teach your kids how to better manage money and help be prepared for the future.

Saving for the Future

The faster you can pay down your debts, the more you can invest into your future. When paying down your debts and credit cards, look to pay more than the minimum amount as this will help you pay down your debt faster. Look at paying down the higher interest rate cards faster. When one debt or credit card is paid off, you can then increase the payment to the next debt, or you can also choose to save a bit more for an emergency fund or savings.

Staying Debt Free

The lessons learned from shedding that debt and keeping the excess debt off should be ongoing. Always keep in check your monthly income level, and your monthly expenditures.

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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Great experience i was in financial trouble and someone of my friends recommended this company. Cori is a wonderful and welcoming person she did a very good job and came up with a smooth and flexible monthly payment after the reduction. i highly recommend this company. Thank you David sklar and special thanks to Cori.❤️🙏🏻
Jasmine Joseph
22:08 13 Jan 23
Met up with Mr. Jason Sklar to discuss more in person, very thorough and clear. He is very kind and thoughtful, I will be referring anyone with the same situation to David Sklar & Associates.
Ariel Domingo
02:33 29 Dec 22
I was a reck talking yo Jason Sklar was easy comfortable he explained everything and put my mind at ease I would recommend the team od sklar to everyone. I have already talked to my ci workers about them
kevin mcweeney
01:13 22 Dec 22
The team at David Sklar & Associates is fantastic.I worked with Jerry whom not only made - what seemed like intimidating process to initiate at first - comfortable.He made everything transparent and took the time to explain the process every step of the way.He was kind, attentive, and professional. Everything was made straightforward and stress free and we found a solution together that worked.Thanks to Jerry and the team.
Jordie Angiolillo
18:22 21 Dec 22
From day one till the end which is today😁 DavidSklar gave me a 5star service and treatment. And I will 100% recommend him and his Associates. This is the best Christmas present ever! Thank you David! More business to come! Merry Christmas and a Happy New Year!!!
barbee diaz
16:37 16 Dec 22
I FOUND DAVID SKLAR & ASSOCIATES BY GOOGLING "BANKRUPTCY" (EARLY NOV. 2021). ON NOV.4, 2021 I HAD A MEETING WITH CORI NARON AT HER OFFICE AT ST CLAIR ANDBATHURST. HER POSITIVE APPROACH TURNED ASTRESSFUL SITUATION INTO A STEP BY STEP UNDERSTANDABLE PROCESSON SEPT. 23, 2022 I OBTAINED MY AUTOMATICDISCHARGE FROM BANKRUPTCY AND MY CERTIFICATE OFDISCHARGE.THANK YOU CORIBRUCE BURGESS
bruce burg
21:35 02 Dec 22
Jerry was wonderful and provided superb service. He is very knowledgeable, trustworthy, and made an intimidating and shame filled time in my life stress free. I hesitated for a long time to take the next step, but Jerry answered all questions, was patient and made the process effortless. I am eternally grateful, and highly recommend Jerry’s services.
M J
18:41 01 Dec 22
Jerry was professional and was easy to deal with
Debbie Asquith
00:09 29 Nov 22
I was quite nervous and a little embarrassed that I needed financial advice. I met with Jerry Janiec and he was very helpful. He made me feel comfortable and explained everything in easy to understand terms so that I understood what my options were. I would recommend David Sklar & Associates for anyone in my position.
Melissa Blackburn
19:53 17 Nov 22
I was fortunate enough to be referred to David Sklar & Associates Inc. by a family member. Now in the10th month of a Consumer Proposal process, I am very impressed with the organization, professionalism and impeccable customer representation that I have experienced. To this effect, I amparticularly thankful to Jerry Janiec and Rhoda Lewis for their excellent work.
Suzanna Vaclavik
12:21 16 Nov 22
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