It might seem that by paying the minimum amount you are managing your debt, but the fact is that it does not help to reduce your debt burden in any way. (financeproductreviews.com)
Given the troubles they seem to cause; it is no surprise that students look for different options to reduce their debt burden on a monthly basis. (lendedu.com)
For example if local governments are forced to sell off assets and use the proceeds to write down or repay debt, they can reduce the debt burden without reducing total spending. (carnegieendowment.org)