myMoney

5 Effective Ways to Handle Debt

May 1, 2017

by Ginny McCabe What is debt? Generally, debt is the amount of money that is owed to a person, financial institution or organization for monies borrowed. Debt can be represented by a mortgage loan, a vehicle loan, credit cards and other types of repayment. With debt, we need to factor in variables, such as fees and interest—above and beyond the amount we borrow. Some people want to avoid debt, o…

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