The right payoff strategy can make all the difference in your ultimate success.
Paying off debt can be hard work, and it can take time. The good news is there are a number of approaches that can make the process easier. However, it can be hard to know which one is the smartest approach.
If you’re struggling to decide how best to tackle your financial obligations in order to become debt free, answering these three questions could help.
1. Does consolidation make sense?
Debt consolidation can be the best approach to debt payoff if certain conditions are met. Consolidation involves getting one new loan, which is used to pay off several existing debts. If you qualify for a low-interest consolidation loan, reducing your interest costs can h…
Read the full article at: https://www.fool.com/the-ascent/personal-finance/articles/ask-yourself-these-3-questions-to-choose-the-best-debt-payoff-plan/
