If you’re sitting on debt from 2020, here’s one cost-effective way to tackle it.
Maybe the coronavirus pandemic inspired extra generosity during the holidays, so you went a little overboard with gifts. Or maybe you made last-minute travel plans that caused you to pay more for your flight than what your paycheck could cover.
A lot of people are sitting on debt from the holidays. If you’re one of them, know that the sooner you pay it off, the less money you’ll waste on interest charges. Also, carrying too much credit card debt can damage your credit score — bad news if you’re planning to apply for any sort of loan soon.
Of course, paying off a whopping pile of debt may seem daunting. But if you own a home, here’s one potentially ea…
Read the full article at: https://www.fool.com/the-ascent/mortgages/articles/racked-up-holiday-debt-refinancing-could-help-you-pay-it-off/
