Once you’ve collected all of the information about your existing debt, it’s time to make a plan and put it into practice. Make a Plan Before you start working on a repayment plan, it’s important that you understand the big picture. There are two main strategies that can help you pay off your debts: debt avalanche and debt snowball. One… Read more →
Tag: debt
How to Pay Off Debts Quickly: Part 1
There are many reasons why people get into debt, such as medical emergencies, unexpected expenses, and job loss. According to a survey conducted by The Pew Charitable Trusts, over 80 percent of Americans have some type of debt. It’s no secret that many people have difficulty living with their debt. Unfortunately, many people get into debt due to their lack… Read more →