(InvestigateTV) — If your tax refund is sitting in your savings account right now, a debt relief attorney has some ideas on how to make that money work for you.
Leslie Tayne, a debt relief attorney, said create a plan for that money. If you have high interest debt, maybe a lot of credit cards, look to knock it out. It could be the best gift you give to yourself this year.
“Try to pay that down as soon as possible. Interest rates on debts are over 20 percent, so if you have high-interest rate debt it’s important to consider paying that down sooner rather than later because you’ll ultimately pay more for that money for whatever you borrowed or charged on that card,” Tayne said.
Tayne said if you have the need for an emergency…