AI responses may include mistakes. For financial advice, consult a professional. Learn more
, this is the fastest way to reduce what you owe, though it may take longer to see a "win" if your highest interest debt has a large balance. Strategy 3: Debt Consolidation how to pay off debt to buy a house
The focuses on psychological wins to keep you motivated. List your debts from the smallest balance to the largest. Pay the minimum on every debt except the smallest one. AI responses may include mistakes
This is not the time to buy a new car or finance furniture. New large debts can disqualify you mid-escrow. consult a professional. Learn more
on all debts except the one with the highest interest rate. Direct extra funds toward the high-interest debt first.