Pay off debt quickly

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This topic contains 1 reply, has 2 voices, and was last updated by  PhilDanley 6 months, 2 weeks ago.

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  • #163428
    scapri301
    Participant

    One simple and effective way to pay off your debts are you list all your credit cards and/loan balances. You start by paying off the one debt with the lowest balance, then the money you would of used to pay that debt you just add it to the payment of the secound least amount balance and so on until all your debt is paid off. Not only will you pay it off quickly but also it will improve your credit.

    #171440
    PhilDanley
    Participant

    That’s good advice. You could also pay off the highest rate debt first. Either way the key is to focus on one and pay it off while continuing minimum payments on the others.

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