Clear more than minimum

It’s great that you are keeping up with those monthly payments per the terms and doing fine. But you could actually escape the shackles of debt sooner if you toss your excess cash toward the repayment. There’s of course a limit on how much you can pay out in one shot per year, but reaching that significantly reduces the burden as the principal shrinks and a huge chunk of the monthly payment reduces!

Refinancing the Debt with a Consolidation Plan

Get started by scouting options like personal loans, home equity loans, or swapping high-interest credit card balances for low-interest ones. Shop around, and compare rates, terms, and fees to lock in the best deal. Keep in mind, consolidation isn’t a debtdisappearing act, but it sure streamlines repayment and might save you a pretty penny.