The goals of debt management typically include reducing overall debt, lowering interest rates, improving credit scores, and establishing a sustainable repayment plan to achieve financial stability.
EXAMPLE OF DEBT MANAGEMENT
An example of debt management is creating a budget to track income and expenses, prioritizing high-interest debts for quicker repayment, negotiating with creditors for lower interest rates, and exploring debt consolidation options to simplify payments.
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TEN WAYS TO MAKE MONEY AND INVEST
RandomHow to be financially Independent and Money Management and investment
