HAMPTON ROADS, Va.— Balances in the US rose to 1.1 trillion dollars in the second quarter of 2024. On Money Matters brought to you by Southern Bank, Kelly Johnson, VP and Branch Manager offered some tips on a 5-step plan for folks considering consolidating their debt.
Johnson suggests starting by finding a payment strategy or two. Look for the "minimum payment due" on the credit statement and see how long it will take to pay off your balance. That may inspire you to take a debt snowball approach by prioritizing the smaller balance credit cards and paying them off first.
Click on the full story to get the complete 5-part plan.
Presented by: Southern Bank
