How to Become Debt Free After Retirement
Part of learning how to be debt free is trying to reduce it by connecting with one’s creditors. Before things get really bad financially, call the creditors to see if something can be worked out. Often, creditors will work with debtors to develop a reasonable payment plan. To accomplish this, they may reduce the principal of a debt or lower its interest rate. The key here is to let them know there’s a problem before it becomes worse.
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