CHAPTER8

Debt Consolidation and Payback Options

In This Chapter

  • Determining what you owe
  • Strategies for paying off each bill
  • Transferring credit card balances
  • Refinancing your loans
  • Consolidating your debt

You read a little bit about consolidating and paying back debt in Chapter 6. In that chapter, we reviewed the basics of paying back credit card debt. And in Chapter 7, you learned some strategies for paying down your student loans without sacrificing your retirement accounts.

Credit card debt and student loan debt are the two largest categories of debt in the United States, aside from mortgages. And many people get into trouble when they ...

Get Personal Finance in Your 20s & 30s, 5E now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.