If you want to aggressively tackle your debt, you’ll need strategies that move the needle. (iStock)
As the economy appears to slowly recover from the pandemic, were beginning to see evidence that Americans are actively seeking to pay down debt. Total outstanding credit card debt fell by a whopping $108 billion in 2020, according to the New York Federal Reserve.
Many borrowers use tools like a budgeting app that helps manage debt paymentsto quickly pay off their credit card balance. If youre ready to take a more aggressive approach to pay off debt and get in control of your finances, consider tips that move the needle.
Here are five effective tips and strategies to get out of debt:
- Consolidate debt through a balance tr…
Read the full article at: https://www.fox5dc.com/money/5-ways-get-out-of-debt
