Many of us will go into debt at some point in our lives. These days, it is hard not to. But the important thing to remember is that going into debt is not the end of the world, as long as we understand what we have to do to recover.
Are you looking to understand how to pay off debts in a way that helps your credit score? The Simple Dollar’s John Ulzheimer has an excellent article for reference. It breaks down the different types of debt and which ones you should pay off first in order to improve your credit score.
At the top of the list – credit cards. They can be some of the most difficult to pay off and can have the most lasting effects on credit. For the full article, click here.