If you have high-interest debt, such as revolving credit card balances, trying to pay it off can be a major undertaking. You need a lot of patience, resolve and most importantly, a strategy.
CNBC Select breaks down the five best ways to get out of debt. Whether your credit is in good shape and you just need the right tools or you’re struggling to even keep up with the bills, one of these methods will likely be a fit for you.
How to get out of debt
Consolidate your debt
Juggling multiple debts can be overwhelming. As you’re keeping track of numerous payment due dates, interest charges continue adding up. The process is most likely a demanding experience for both your financial and mental health.
Debt consolidation can bring some r…
Read the full article at: https://www.cnbc.com/select/how-to-get-out-of-debt/