Debt Resolutions: Paying Off Old Debt in the New Year

Our weekly #CreditChat started in 2012 to help our community learn about credit and important personal finance topics (e.g. saving money, paying down debt, improving credit scores).

This week, we will be talking about ways to pay off old debt quickly.

Topic: Debt Resolutions: Paying Off Old Debt in the New Year

When: Wednesday, January 6, 2021 at 3 p.m. ET.

Where: Twitter chatroom or join the live hashtag discussion.

If you have questions, please DM us on Twitter.

The panel will include Rod Griffin: Senior Director, Consumer Education and Advocacy at Experian, The National Foundation for Credit Counseling® (NFCC); Bruce McClary: Senior Vice President of Communications at the NFCC; Christina Roman: Consumer Education and Advocacy Manager at Experian; Beverly HarzogCredit Card Expert and Consumer Finance Analyst for U.S. News; Lawrence D. Sprung: CFP® President of Mitlin Financial, Inc. and Take Charge America

Gift Card Giveaway

Enter here for a chance to win a $50 Amazon gift card!  Make sure to tweet out this page with the #CreditChat hashtag. We will be announcing a winner at the end of the chat. Entry Period: Raffle open now and closes at the end of this chat at 4 p.m. ET. Complete rules here.

Questions We’ll Discuss:

Q1: What financial resolutions are you setting for 2021?
Q2: What kind of debt should you prioritize paying off first and why?
Q3: How can you set a realistic time frame for paying off your debt?
Q4: How can checking your credit reports frequently help you with your debt resolution journey?
Q5: How do you deal with a partner or family member who spends faster than you can pay your debt off?
Q6: How does paying down debt help your credit scores?
Q7: What resources are available to help if you feel overwhelmed by your debt?
Q8: What mistakes do people make when paying off debt?
Q9: What habits can you develop in your 2021 debt payoff journey to prevent you from going back into debt in the future?
Q10: Any final tips for someone wanting to pay off their debt in 2021?
Floater question: Is there a question we didn’t cover about debt resolution that you would like to ask?