The article discusses how rising household debt, at a record $18.20 trillion, is affecting many Americans. It emphasizes the importance of goal-setting and budgeting to manage debt. Consolidating debt through personal loans, which offer low interest rates without impacting credit scores, is suggested as a viable option. Additionally, it stresses the significance of calculating net worth to obtain a clearer understanding of one’s financial situation, empowering individuals to take steps towards effective debt repayment.
Setting the right goals and making a budget help you free up extra cash for debt repayment.
Consolidating debt using a personal loan can simplify repayment and reduce costs, especially with today's appealing personal loan rates.
In the first quarter of 2025, household debt hit a record $18.20 trillion, with 4.3% of all outstanding debt in some stage of delinquency.
Calculating your net worth is crucial as it provides a better perspective on your financial situation than debt balances alone.
Collection
[
|
...
]