RE: LeoThread 2025-08-16 20:43

[cory30]

Steps to eliminate bad debt:

Comments

[cory30]

1. List all outstanding debts
2. Select one account as your main focus
3. Allocate extra money to this priority debt
4. Continue making minimum payments on others
5. Cut back on spending
6. Seek ways to boost income
7. Monitor your progress

[cory30]

Any other ideas?

[logen9f]

Write off 😀

[cory30]

Haha, yeah, writing it off is one way to go! Sometimes you just gotta cut your losses and move on.

[rajitfi]

Great list! I'd add negotiating with creditors for lower interest rates or settlements. It can make a big difference, especially on high-interest debt. Also, consider automating payments to avoid late fees and stay consistent