Your Money Matters: Money and Marriage

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Cliff Morgan

Strateic Wealth

Cliff’s Tips:

Credit Cards:
Try to pay off balances in full every month. See if you qualify for a lower interest credit card when full payments are not feasible.

High-interest loans:
These need to be paid off as soon as possible to avoid paying extra interest. Consider tapping into your savings to pay off loans with the highest interest.

Student Loans:
Many different repayment options exist for government-backed student loans, and you should get the details from your loan servicers.

Debt Consolidation:
By combining all debts into one loan with a lower interest rate, you can retire debt more quickly and efficiently.

Debt Settlement:
Using a debt management company, or by contacting your creditor and working out a settlement can also be a good strategy to pay off loans at a lower rate.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.