The longer your debt lingers, the more expensive it gets overall. That’s because credit typically costs us in fees and interest – the price of borrowing money.
So staying in debt is not sustainable over time (it keeps you from getting ahead). You’ll want to find the quickest way to get out… and stay out.
If you’re only just thinking about taking on debt, here’s our guide on what to know first. But if you’re already carrying debt – especially the high-interest kind – read on for how to get rid of it as quickly as possible.