If debt paydown is going to take awhile, use this trick to boost your credit score in the meantime: increase your credit limits.
If debt paydown really is your biggest goal, then that is what you need to focus on.
Not exact matches
However,
if you want to be successful, you need to make
debt paydown a priority.
You might not think it's worth it to put a small amount toward
debt pay down, but
if you keep putting those amounts toward your efforts, and you look for ways to increase what you put toward
paydown at every opportunity, you will eventually be surprised at how effective you can be at demolishing your
debt this year.
If you're one of those who has become saddled with
debt, take action - make a big
paydown your top designation for your latest windfall and stop paying high interest rates (credit card interest rates are averaging around 13 %).
If you flip the perspective on
debt around, investing in the highest return
paydown strategy becomes a thing of joy.
However, «check to see
if your rewards would be better used on financial priorities such as creating an emergency fund or
debt paydown,» says Hanks.