Mollie Hale Carter: Taking Steps to Reduce Your Debt

Looking to the reduce the burden of personal debt? As CEO of Sunflower Bank, Mollie Hale Carter knows that reducing debt isn’t always simple or easy, though there are a few simple steps that, when combined with a disciplined and determined approach, can help to make the debt reduction process is a little more straightforward, as well as a little less stressful.
Mollie-Hale-CarterAdhering to a Budget
By mapping out all sources of household income, as well as all current expenses, you provide yourself a framework through which your budget and your debt are a little more manageable.
Optimizing Your Payments
For those debts associated with high interest rates, make a concerted effort to pay the maximum amount possible. For all others, make the minimum payment.
Renegotiate Interest Rates
Often times a credit card company will reduce your interest rates should you make the request to do so. For cards and other high interest rate debts, it doesn’t hurt to request a lower rate. 

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