Credit, Debt

Wondering how to pay off debt? Here’s a handy guide to get you started.

For many people, debt can inch upward slowly, especially if there are multiple types of accounts involved, like lines of credit, loans, and credit cards. For others, a major event – such as a health emergency or unexpected home repair – can throw a careful financial plan out of whack.

No matter where you are with loans, getting a handle on your accounts is a great first step toward learning how to pay off debt.

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Author SAC FCU Managing Editor

Budgeting, Debt

How to form a plan and pay off debt

Everyone’s eager to eliminate the nagging pressure of debt and its interest payments. But that’s a tough problem to escape. The average credit card balance among indebted Americans (about $15,000) has remained steady for years.

The debt challenge can be so daunting – especially if you face large or multiple debts – that some people think it’s unbeatable. The good news is if you take time to assess your debts and plan a strategy, you can set yourself on a realistic path to financial freedom. Read more…

Author SAC FCU Managing Editor