Learning & Guidance

Manage My Debt

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steps to paying down debt

Whether you’re goal-oriented and looking for a strategic plan that shows you’re on the right path or you’re the complete opposite but need answers to pay down your debt, these steps (and the accompanying Learning & Guidance Article) will help.

1. list out your income & monthly expenses

2. write down the total amount of debt owed

3. decide which paydown method works for you

4. make your plan & make it visible

Read the Full Article What Debt Do You Want To Pay?

Debt Type

what kind of debt do you have?

I have credit card debt

a balance transfer may be your solution

A balance transfer can help manage high-interest debt by shifting it to a lower-rate card. But when is the right time to do it?

I need more time…

A 0% APR* for the first 12 months, meaning you can work on paying down your debt without racking up additional interest.

I’m trying to improve my credit score

By reducing your credit utilization ratio through a balance transfer, you could improve your credit score.

I want to breathe easier with less bills

Having one consolidated bill instead of multiple can reduce stress and make budgeting easier.

Learn More

How To Get Out of Credit Card Debt

Credit card debt can be overwhelming when you're buried deep in it. But don't worry, there are things you can do to be debt-free. Here's how to get started

Learn More

How Many Credit Cards is Too Many?

It's no surprise to have more than one credit card in your wallet. But would multiple credit cards affect your credit score? Here's what you should know.

Learn More

what happens with 0% APR Credit Cards?

Looking for a credit card that offers a zero percent interest rate? Here’s what happens and what to keep in mind when you sign up for this kind of credit card.

Learn More

Skyla's Balance Transfers

I have Mortgage Debt

helpful home loan relief options

If you're feeling the weight of mortgage debt and are looking for ways to pay it down, you're not alone. Exploring refinancing, considering a HELOC, or weighing renting vs. buying could offer you a financial lifeline.

Learn Mortgage Refinancing

Thinking about refinancing your home? Here are some important facts to help you determine if refinancing is the right move for you.

Learn More

Second Mortgage: HELOCS Can help

Unlock your home's value to manage mortgage debt! Consider a HELOC for flexible borrowing with potential lower rates. Learn how it can help

Learn More

Is It Better to Rent or Buy?

Don't know if you should rent or buy a house this year? Here are some factors that can influence your decision to stay put or move again.

Learn More

Additional Resources

personal loan

can a personal loan consolidate debt?

A personal loan can be a powerful tool for consolidating debt. By covering various needs from debt consolidation to home improvements, it streamlines your finances under one manageable loan. Simplify your payments and potentially lower interest rates, making financial management more straightforward.

Learn More

I have a personal loan

let's tackle it together with these steps

make a payment plan

BUDGET & ADJUST

Do Skip A-Pay with Skyla

Stay in control of your finances

i have student loan debt

helpful tips to manage my student loan

Master your student loans with tips to simplify repayment, stay on track, and stress less.

understand your student loans

Borrow now, repay later — with interest. Federal loans usually offer better terms than private ones.

find a student loan repayment plan

Choose a plan that fits your budget — standard, income-driven, or extended.

plan your repayment timeline

Stick to your plan, pay extra when you can, and explore forgiveness options.

Read the full article Steps to Paying Down Debt

OK, SO HERE'S THE FINE PRINT

didn't find what you're looking for?

Check out Skyla’s Learning & Guidance library for articles, downloadable guides and toolkits, or calculators to see what your money can do!

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Manage My Debt

steps to paying down debt

1. list out your income & monthly expenses

2. write down the total amount of debt owed

3. decide which paydown method works for you

4. make your plan & make it visible

what kind of debt do you have?

credit card debt

mortgage Debt

Personal Loan Debt

Student Loan Debt

a balance transfer may be your solution

I need more time…

I’m trying to improve my credit score

I want to breathe easier with less bills

How To Get Out of Credit Card Debt

How Many Credit Cards is Too Many?

what happens with 0% APR Credit Cards?

helpful home loan relief options

Learn Mortgage Refinancing

Second Mortgage: HELOCS Can help

Is It Better to Rent or Buy?

can a personal loan consolidate debt?

let's tackle it together with these steps

make a payment plan

BUDGET & ADJUST

Do Skip A-Pay with Skyla

Stay in control of your finances

helpful tips to manage my student loan

understand your student loans

find a student loan repayment plan

plan your repayment timeline

OK, SO HERE'S THE FINE PRINT

didn't find what you're looking for?