One of the most common questions we receive at CredAbility is “How do I go about paying off my debt?” People who call us for basic budget counseling have an average of more than $22,000 in credit card debt. They want to pay down their debt but are often overwhelmed and don’t know where to start. We help by showing them which of their debts should receive top priority.
If you have multiple credit cards, start making large monthly payments on the balance of the card with the least amount of debt—while also making the minimum payments on all the others.
Mechel Glass is the former vice president of education for ClearPoint Credit Counseling Solutions. She is a U.S. Army veteran, entrepreneur, author, and educator.
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