To manage debt effectively, individuals should weigh major loans against their ability to afford them, compare interest rates before applying, keep debt levels manageable, pay bills on time, make more than the minimum payment, and monitor their credit score.

Authors

• Person: Not available Organization: Annuity.org
  Financial Literacy: The Guide to Managing Your Money - Annuity.org

Sources

• Financial Literacy: The Guide to Managing Your Money - Annuity.org www.annuity.org Annuity.org via serper

Referenced by nodes (4)

• credit score concept
• loans concept
• debt management concept
• interest rates concept