00:00Everyone's favorite activity is paying off debt. If it's not, it should be.
00:05According to Money Talks News, 66% of Americans had a financially related New Year's resolution.
00:11If yours was paying off debt, you'll need these helpful hints to help.
00:16CNBC says you can lower your payments either through debt consolidation
00:20or by enlisting the assistance of a debt relief company.
00:24Debt consolidation merges multiple balances into one loan,
00:27ideally with a lower interest rate, whereas debt relief companies help clients pay off their debt
00:33through negotiation of the amount owed.
00:36Ramsey Solutions simplifies the process by suggesting you stop using credit cards,
00:42save an emergency fund, and get on a budget and stick to it.
00:46Then do your best to cut down your expenses and lower your outgoings, namely bills.
00:51If and when possible, take on extra income.
00:54The site recommends rideshare driving, tutoring, or freelance gigs
00:59with a skill set you hopefully have in your back pocket.
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