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How to Manage Your Debt Before Buying a House

Credit Corp

To calculate your DTI, simply divide your monthly debts by your monthly gross income. If your resulting percentage is higher than 50%, you’ll want to work on paying off some of your debts. Debt Management Tips. Consolidate Your Debt. This way, you’re only paying interest on one debt instead of multiple.

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Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Credit Corp

>> Try these debt management apps. Go for Debt Consolidation. If you want to lose the plastic altogether, think about applying for a debt consolidation loan. Then, avoid putting any more money on credit cards until you’ve paid off most of the consolidation loan. .