By Sean Pyles of Nerdwallet|AP,
The saying that debt is easy to get into and hard to get out of hits home for younger Americans: At the end of 2018, 18- to 29-year-olds carried over $1 trillion in debt, according to the Federal Reserve. Thats the highest level since 2007.
Understanding your options and making a plan is imperative, says Billy Hensley, CEO of the National Endowment for Financial Education. Anyone doing that is going in the right direction.
Knowing a few key points can help anyone new to debt or not resolve their debt faster and potentially save hundreds or thousands of dollars.
CUT YOUR INTEREST RATE
A high-interest credit card or loan is costly. But you may be able to pay less interest, and pay off debt fast…
Read the full article at: https://www.washingtonpost.com/business/millennial-money-theres-more-than-1-way-to-slay-a-debt/2019/03/26/3a6a0f62-4fc8-11e9-bdb7-44f948cc0605_story.html