Ask the Expert: Everything About Debt

Whether it’s credit cards, student loans, or mortgages, it’s likely that you owe someone money. How do you prioritize which debts should you pay off first? What if you can’t afford the minimum payments? Here to give advice, our financial friends at NerdWallet .

Many people will say that you should pay your debts in order of interest rates, starting with the highest, and the popular debt snowball strategy invites you to start with the smallest debts and build them up gradually. But what if neither one nor the other is viable and you struggle to live from hand to mouth? When is bankruptcy possible? NerdWallet’s financial advice authors are ready to give you some tips, so leave your question below.

Update: These questions and answers are now over. Thanks for the questions and NerdWallet for the tips!


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