Pay Off Debt: How to Pay Down Debt Faster
Join our weekly #CreditChat on Twitter, Periscope, Snapchat & YouTube every Wednesday at 3 p.m. ET. This week, we talked with Zina Kumok about how she paid off $28,000 in debt within 3 years.
The panel included: Zina Kumok: Founder of Debt Free After Three; Rod Griffin– Director of Public Education at Experian and Mike Delgado– Social Media Community Manager at Experian.
View the full discussion on Google Hangouts.
If you have ideas for future topics and guests, please tweet @MikeDelgado.
Questions We Discussed:
- Q1: What are ways we can fall into debt?
- Q2: How can debt impact us? Financially? Emotionally?
- Q3: What holds many people back from getting out of debt?
- Q4: How do you choose what debt to pay off first? Smallest debt? Interest rate?
- Q5: How much should you save (emergency fund) before tackling debt?
- Q6: How do you track your debt pay off strategy?
- Q7: What are ways to stay motivated to keep paying down debt?
- Q8: What do you think about debt consolidation?
- Q9: What resources of apps can help those budgeting or paying down debt?
- Q10: Any final suggestions for those looking to pay down debt?
View the entire discussion via Storify
View highlights from this chat on SlideShare:
Have you ever paid off a big debt? Tell us your story on Anchor.
We’re also sharing debt payoff strategies this week on Snapchat.
Join us: experian_us
Join our #CreditChat every Wednesday at 3p.m. ET on Twitter, Periscope, Snapchat and Google+ Hangouts on Air.
If you’ve never heard about #CreditChat, here is a brief overview:
Resources:
Get Motivated to Pay Off Your Student Loans With These Grads’ Tips via Nerd Wallet
What Happens If I stop Paying My Credit Cards? via Debt.com
Ask the Expert: What Are The Pros and Cons Of Debt Consolidation? via Debt.com
The Best Debt Repayment Tools and Apps via The Simple Dollar
Financial Calculators via Debt.com