Life happens. Your car breaks down. Prices go up. The latest layoffs come, and you find yourself out of a job.
Facing financial difficulties can be stressful. Whether youre going through tough economic times or facing other roadblocks to your debt repayment, a financial setback can make you feel like youll never be able to pay off your debt.
Even with financial difficulties, you dont have to give up on paying off your balance. By taking the right steps, aligning your resources and managing your finances, you can still pay off your debt when facing a major setback.
Facing a financial setback when youre in debt
Different financial setbacks can impact your debt repayment plans in a few ways. While it can be difficult to prepare for every p…
Read the full article at: https://www.bankrate.com/personal-finance/debt/setbacks-paying-off-debt/