Debt Management

Ways to Cut Down Debt

Reading Time: 3 minutes
A woman with dark hair and a black suit, with hands clasped, stands next to text that reads: “Ways to Cut Down on Debt”.
Highlights
In this article

Debt management is not a one-size-fits-all approach. In this video, we'll help you better understand debt management and how to begin to pay off your debts.

Highlights:

  • There are different kinds of debt, and debt isn't always a bad thing.
  • With any debt, keep the interest rates in mind. Focus on paying down the highest interest rate debts.
  • Try not to take on too much debt, and ask yourself how the debt will benefit you and the return on your investment.
  • Debts that you are unable to pay can lower your credit scores.
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