While debt-shaming seems to be a new buzzword, being in debt does not make you bad. This does depend on how you managed to get in the predicament.
It’s a 4 letter word for a reason, you know!
What great things can you do with your HELOC now that interest rates are going up? You would be surprised, here are 3 solid ideas of what you can do with your Secured Line of Credit even with rising interest rates.
Use your Calendar on your email system or on-line to make sure all of your bills get paid on time and so you don’t accidentally overdraft.
Are you only making minimum payments on your credit cards. There is a sentence on your statement you should read, and that tells you how long it will take to pay off the debt, if you only make the minimum payments.
Is paying off debt a risk ? I don’t see it as a risk, but I have been chastized by #influencers that this is foolish advice to millenials.