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Rebound: Debt payments

Posted at 10:46 PM, Jul 14, 2020
and last updated 2020-07-15 00:02:08-04

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."

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