As much as we would like to give you one, there isn’t a magic formula that will help you stay current on your repayments. Instead, it takes planning and follow-through to manage your repayments and ultimately pay your loan in full.
Here are 5 tips that will help you reach success in this area:
- Live within the reality of your paycheck.
- Create a monthly budget to control your expenses.
- Mark the due dates of your bills on your calendar and pay them promptly.
- Write down how much you owe and subtract your repayments from it, so that you can see your progress as you work toward getting out of debt.
- Don’t hesitate to seek help from a financial advisor when necessary
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