Debt Repayment
First:
Determine how much debt you have.
Second:
Determine what type of debt, the amount of debt, the interest rate,
and the minimum payment amount.
Third:
Pick a strategy below to alleviate debt.
Debt Snowball.
Pay
smallest debt first
.
Debt Consolidation.
Get a low interest loan or credit card and
combine all debt
into one payment.
Debt Avalanche.
Pay down debt with
biggest interest rate
.
Debt Management Plan.
Use a
Credit Counseling Agency
to negotiate your debts and create a payment plan for you.
https://www.smu.edu/Perkins/Admission/Affording-Seminary/Financial-Literacy
