Steps and Strategies to Cut Debt and Stress
When debt balloons, it overwhelms. These steps can help reduce the anxiety.
Back taxes, credit card debt, child support—the list of financial burdens can be long and can sometimes seem hopeless. The feeling that debt is out of your control makes everything worse. But there are things you can do and people you can talk to. Here are some steps.
- Spend the time to get a complete picture of your debt. Find out who you owe, interest rates, late fees and timing. Talk to your Huntington banker, who can help you make sense of the numbers.
- Learn basic debt terms and payback methods. We have a simple article that explains some of the most important ideas.
- Arm yourself. Our guide to debt apps and tools can help you set up a plan and see your progress.
- Remember, you don’t have to face debt alone. Nonprofit organizations exist for support and planning. If you're interested, here's an article that references some of the available resources.
- Create a plan you can live with. Working on your own or with a Huntington banker, make a plan to deal with your debt: This might involve consolidating your debt, negotiating with creditors or using tools like Hub.
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The information provided in this document is intended solely for general informational purposes and is provided with the understanding that neither Huntington, its affiliates nor any other party is engaging in rendering financial, legal, technical or other professional advice or services, or endorsing any third- party product or service. Any use of this information should be done only in consultation with a qualified and licensed professional who can take into account all relevant factors and desired outcomes in the context of the facts surrounding your particular circumstances. The information in this document was developed with reasonable care and attention. However, it is possible that some of the information is incomplete, incorrect, or inapplicable to particular circumstances or conditions. NEITHER HUNTINGTON NOR ITS AFFILIATES SHALL HAVE LIABILITY FOR ANY DAMAGES, LOSSES, COSTS OR EXPENSES (DIRECT, CONSEQUENTIAL, SPECIAL, INDIRECT OR OTHERWISE) RESULTING FROM USING, RELYING ON OR ACTING UPON INFORMATION IN THIS DOCUMENT EVEN IF HUNTINGTON AND/OR ITS AFFILIATES HAVE BEEN ADVISED OF OR FORESEEN THE POSSIBILITY OF SUCH DAMAGES, LOSSES, COSTS OR EXPENSES.