Mika
VIP Contributor
When your income is low, it is very difficult to repay your debt. What kind debt repayment strategies should you use if your income is low? When your income is low, the only way to expedite debt repayment is by increasing income and reducing expenses. Hard work, which could mean working for 12 hours or more, frugal living which could mean cutting even the necessary expenses, and focused savings contribute to the ability to pay off debt more swiftly. Strategies like debt consolidation for lower payable interest rate or prioritizing high-interest debt repayment first can also speed up your debt repayment.
