More For Your Money - University of Illinois Extension

Debt Management

  1. Debt Management
    Bills are debts that you are legally required to pay.
  2. Debt Management
    Paying the minimum amount due each month is a good strategy for paying off debts.
  3. Debt Management
    You should prioritize paying bills with high interest rates if you cannot pay off everything.
  4. Debt Management
    When you finish paying off one debt, a good strategy is to use the money you paid on that debt to increase your payments on other debts.
  5. Debt Management
    Creditors are never willing to change loan payment schedules or the amounts owed on loans.