Scene 1 (0s)
Managing Debt. A group of people standing in front of a window.
Scene 2 (34s)
Develop a budget to track your expenses. Don't take on more debt. Pay your bills in full and on time. Check your bills carefully. Pay off your high-interest debts first. Reduce the number of credit cards you have. Look for the best interest rates when consolidating your debts..
Scene 3 (4m 58s)
Set up regular automatic payments. Paying late could hurt your credit, plus you may get hit with a penalty. To pay debt faster, cut expenses from your budget or boost your income. Borrow smart and think hard before you take on debt. For credit card debt, negotiate lower interest rates. Refinance..
Scene 4 (8m 58s)
Debt financing can be riskier if you are not profitable as there will be loan pressure from your lenders. However, equity financing can be risky if your investors expect you to turn a healthy profit, which they often do..