Managing debt is tough, but with the right strategies, it’s possible. First, understand your loan terms and integrate the repayment into your budget. If you don’t have a budget, create one immediately. Assess your expenses and find extra funds by working more hours or cutting unnecessary spending. Paying more than the minimum due can boost your credit score. If payments seem unmanageable, consult your lender or a credit counselor for advice. To avoid future debt, scrutinize past spending and cut back on splurges. Use budgeting apps to keep track of finances. Remember, overborrowing and missed payments can lead to more financial stress.
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