GETTING out of debt is about more than finding enough money to make the next payment.
For borrowers juggling credit cards, personal loans and other obligations, getting out may mean restructuring existing debt, consolidating balances or changing the order in which debts are repaid. But choosing the wrong solution could leave borrowers paying more or right back where they started.
“Once you are serious about your financial health, you have to know your numbers, and the numbers include the interest rate, the terms, et cetera, meaning how long you are paying this,” financial adviser Stacey Ann Jarrett of Marathon Insurance Brokers said in an interview with the Jamaica Observer.
For borrowers who are struggling to keep up with an…