5 Things To Avoid When Paying Off Debt, According to Rachel Cruze

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Cruze explained what to be careful about doing when paying off debt in a recentTikTok video.

Here are themistakes you should avoid.

The fastest way to get out of debt is the least exciting.

Two steps to consider skipping while repaying your debts are consolidation and settlement.

Some people opt for debt consolidation because it can allow you to pay a lower interest rate.

Cruze said this is just moving your debt around to a larger debt and borrowing on your home.

And this is during times of high inflation, high prices and so on.

You are the secret of getting out of debt.

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