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Personal loan
How to quickly pay off your loans
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[QUOTE="Caramelle, post: 202475, member: 150"] [JUSTIFY]I would look at the assets that I currently own and decide if I can sell some of them to generate funds that I can use to pay off my debts. If we keep bulky stuff that we no longer need and can find another home, selling them is one way to declutter our home. If the debt is a high-interest one and you are sure that your current and potential income will not be enough to pay it fast enough, you can explore balance transfer options with either zero or low interest. Some banks reward you with minimal interest charges when you transfer your loan from another bank. You may also want to explore government agencies that offer low-interest loans to pay off, once and for all, your consumer loans. Of course, we need to stop the bleeding. Don't compound the problem by taking out more loans and using credit cards to pay for your living expenses. In addition, don't take out loans to pay for your current month's loan payables. Discipline yourself to use cash and limit your spending to what you can afford at this time. By all means, find side gigs to augment your income. However, do remind yourself not to spend your future income now. [/JUSTIFY] [/QUOTE]
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