Actions

Rebound: Debt payments

Posted
and last updated

With the uncertainty surrounding the coronavirus pandemic, everyone's budget is a little bit tighter to help make ends meet.

Financial debt only adds to the stress, so here's a few tips when facing debt payments.

1) Create a list of priority bills and debt to pay off
2) Contact your lender to make a payment plan on those debts you've prioritized
3) Find a way to stick to your personalized budget

"It may sound obvious but if you have it on paper and you have created a budget, stick that to the refrigerator or wherever." said attorney Andrea Stark with the National Consumer Law Center. "If your son or daughter say 'oh I want this or that,' 'no - look at the fridge these are our priority spending items."

------------------------------------------------------------
Stay in touch with us anytime, anywhere.

To reach the newsroom or report a typo/correction, click HERE.

Download our free app for Apple,Android, Roku and Amazon devices.

Sign up for newsletters emailed to your inbox. Select from these options: Breaking News, Evening News Headlines, Latest COVID-19 Headlines, Morning News Headlines, Special Offers

Alexa's Daily Flash Briefing

Follow us on Twitter

Like us on Facebook

Follow us on Instagram

Subscribe to our Youtube channel