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Tag: credit utilization

Managing revolving credit lines while repaying high interest debt

Effectively managing revolving credit lines while repaying high-interest debt requires a strategic approach. Prioritize payments on high-interest accounts, consolidate where possible, and maintain a strict budget to avoid accruing additional debt.

The Best Ways to Pay Down Revolving Credit Balances

To effectively pay down revolving credit balances, prioritize high-interest debts first, automate payments to avoid missed deadlines, and allocate extra funds from any windfalls. Regularly review your budget to find additional savings opportunities.