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Paying Down Debt

Debt is a reality most people will face at some point in their life. Not all debt is bad, but letting debt carry over month to month or consume your finances can become a huge risk.

Many types of debt are needed to improve your life, move things forward, or even to make a larger income, such as:

Some of these debts may not be a problem. However, unmanageable debt can quickly take on a life of its own with a "debt snowball" effect. Once it starts as a small debt rolling forward, it just gathers more "snow" and can become a gigantic debt avalanche by the end.

Paying down debt can be a daunting task, and there are no "one-size-fits-all" solutions. Having the right information is an essential first step as you work towards debt repayment.

Learn About Paying Down Debt

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