You need to look at your debt elimination -
debt reduction process as various steps towards a long - term goal and one of the steps to that goal is to maintain your ability to earn an income and to whittle away at your debt.
Not exact matches
Ensuring that the
process goes
as smoothly
as possible gives you a better chance of obtaining a favorable refinance loan that can help with
debt reduction.
Till you find a permanent job, you can aid your
debt reduction process by cutting on redundant expenses such
as dinning out, attending to clubs every weekend, etc..
As you see your
debts being paid with this
debt reduction process it can be a psychological boost.
Refinancing student
debt should be viewed
as an option for borrowers who are financially stable, and the
process should only be done when it benefits the borrower through either a
reduction in interest charges or repayment terms that better fit their budget.
Our emergency fund provided a lot of comfort during our
debt reduction process — and continues to help us
as we work towards total financial independence.