What advice would you give to a person paying off debt?

What advice would you give to a person paying off debt?
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1 Answer

Answer :

Pay off the debts with the highest interest rates first. If you can refinance higher interest rate debts to get lower interest rates, do so, and then make the same payments so you reduce the principle owed. If you get a bonus or large one time influx of cash, pay off debt.
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