Debt repayment plan
A clear repayment plan makes debts manageable. When you know all your debts and their interest rates, you can decide what to pay first and how fast.
You will need
- A list of all your debts
- A budget
- Bank statements
Steps
List all your debts
For each debt, write down the remaining amount, interest rate, monthly instalment and due date.
Work out what you can pay
Pay the most expensive first
Or the smallest first
Avoid new debt
Negotiate with your creditors
Consider a consolidation loan
Get help early
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