over 3 years ago

6 quick debt clearing techniques Not a burden to the people behind

1. Rank all debts

First of all, before planning to pay off that debt, it is best to start collecting the total debt. Whether it is income and expenditure each month. Including payment of debt and interest Then be calculated to find the remaining money after the repayment of the debt each month. And prioritize debt repayment They may be sorted by the due date or the debt with the highest interest.

1. Plan debt repayment.

When you see an overview of all the debt and expenses that must be paid each month. Came to the process of planning to pay off the debt Which has 2 methods as follows

2.1 The Avalanche payment method is an option to pay all debts. By the minimum payment After that, bring the remaining money to pay off the debt with the highest interest rate. This will help save money in terms of interest expenses.

2.2 Snowball payment method, choose to pay off all debts. By the minimum payment as well By bringing the remaining money to pay off the debt with the least amount first. This method will be able to get out of small debts quickly.

1. Transfer credit card debt

Transferring debt balance from a high-interest credit card to a lower-interest credit card. It will allow you to bring more money to pay off the debt instead of paying with high interest. Currently, some credit cards offer 0% interest for new customers.

1. Extend the repayment period

Some credit card companies and credit providers are now willing to extend their repayment schedule. Just call one of these companies. In which, before making a call, you should first check the terms and conditions of the company.

1. Collect all the debt

If there are multiple credit card debt balances, all of them can be combined into one amount. By moving the debt to a non-interest credit card. After that, all the debt has been moved. In order to reduce the accumulated interest amount

If the incident happened unexpectedly A borrower or loan applicant who has taken this type of life insurance dies while the debt is still incomplete. The insurance company will pay the loan to the bank or financial institution instead of the borrower's heir. Where the coverage will gradually decrease as the วิธียิงปลาให้ได้เงิน loan amount decreases Therefore not leaving the burden of debt to the heirs or the people behind It is especially suitable for people with long-term debt, such as home equity loans. Which nowadays, it is not just life insurance, home loan coverage only But also offers life insurance, loan coverage for loan applicants with securities such as cars or motorcycles. To be able to choose to buy as well