You should focus on paying off high-interest loans first, as these cost the most over time.
You should focus on paying off high-interest loans first, as these cost the most over time.
Set up automatic deductions for EMI payments to avoid late fees and maintain consistency.
Set up automatic deductions for EMI payments to avoid late fees and maintain consistency.
Refrain from borrowing more while focusing on repaying existing loans.
Refrain from borrowing more while focusing on repaying existing loans.
Combine multiple high-interest debts into a lower-interest consolidation loan if possible.
Combine multiple high-interest debts into a lower-interest consolidation loan if possible.
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Pay off the smallest loans first to gain momentum and stay motivated.
Pay off the smallest loans first to gain momentum and stay motivated.
Pay off loans with the highest interest rates first, then move to lower-interest debt.
Pay off loans with the highest interest rates first, then move to lower-interest debt.
Consider selling items you no longer use, such as electronics or furniture, to raise funds for debt repayment.
Consider selling items you no longer use, such as electronics or furniture, to raise funds for debt repayment.
Direct bonuses, tax refunds, or gifts toward repaying loans.
Direct bonuses, tax refunds, or gifts toward repaying loans.
Eliminate non-essential services like unused streaming or gym memberships.
Eliminate non-essential services like unused streaming or gym memberships.
Pay extra toward your EMIs each month to reduce principal faster.
Pay extra toward your EMIs each month to reduce principal faster.