What Are the Best Ways to Pay Off Debt?

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According to the New York Federal Reserve, the U.S. consumer debt stood at almost $14 trillion in the second quarter of 2019. To get more specific, mortgages, auto costs, credit cards and student loans are the four main areas of debt that have seen consistent growth over the past few years. However, regardless of how crushing your circumstances may feel, it is still possible to pay off your debt.

In order to help you make a financial game plan, we’ll take a look at grants geared toward helping folks with debt; social security administration programs; how to apply for financial assistance; and, even though student loans can feel out of your control, how best to tackle subsidized and unsubsidized loan types. Although it can feel overwhelming to take a good, hard look at your financial situation, doing so can help you make a clear, manageable plan — and that’s nothing to scoff at.

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