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Option 1: The “high-interest first” strategy. Paying off high-interest debt first is commonly referred to as the avalanche method. This involves making the minimum monthly payments on all of ...
5 advantages of paying off debt early. There are several advantages to paying off your debt early, and almost all of them translate into more money in your pocket each month and more financial ...
Your credit score may drop after you pay off debt because the credit scoring system factors in things like your average account age and credit mix. If you applied for a loan to consolidate debt ...
Avoid bogging yourself down with negative emotions of guilt or shame. You got into debt to solve a problem, and putting those charges on your credit card may have been the best solution available ...
If you want to get your credit score above 700, start by making on-time payments and paying off your outstanding debts. If you need more help improving your credit score, check your credit report ...
However, a combination of smart money moves can reduce your debt, lower your credit card APR and put you on the right track toward a debt-free life. Here are several techniques for paying off ...
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