A debt reduction plan is an important and worthwhile debt
management goal. It makes financial sense to focus on paying off the credit card with the highest interest rate first; you must make timely minimum payments on all accounts.
Some people
prefer to pay off the account with the smallest balance first,
so they can quickly see tangible results.
RESOURCES: Debt Reduction
FTC Bureau
of Consumer Protection - Consumer Information: Credit & Loans
Credit Report
and Score Information from Experian.com
TransUnion
- Check Your Credit Report and Credit Score Online, Instantly
and Securely
Equifax
Products: Credit Reports, Credit Scores & Identity Theft
Protection
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