King bell
VIP Contributor
Debt can be reduced to a manageable level by adjusting your spending patterns or refinancing loans. But with time, even these measures will be ineffective. This article offers a number of strategies to help you pay your debt quickly and efficiently to avoid the inevitable consequences of mounting interest payments over time.
A credit card is a handy tool when used properly, but it can also be an instrument of financial ruin when misused. If you’ve managed to get in over your head with credit card debt, there are options for reducing monthly payments and paying down the balance more quickly than through just making minimums on each credit card issuer’s payment schedule—and most of them don’t involve bankruptcy.
The key to successful payment reduction is to make the concept of debt reduction something you plan and approach with an open mind. Many consumers find doing their own research daunting, but a simple search on Google can provide help with practical debt-payoff strategies.
A credit card is a handy tool when used properly, but it can also be an instrument of financial ruin when misused. If you’ve managed to get in over your head with credit card debt, there are options for reducing monthly payments and paying down the balance more quickly than through just making minimums on each credit card issuer’s payment schedule—and most of them don’t involve bankruptcy.
The key to successful payment reduction is to make the concept of debt reduction something you plan and approach with an open mind. Many consumers find doing their own research daunting, but a simple search on Google can provide help with practical debt-payoff strategies.
