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2. Paying off debt in tough financial times - AOL

   www.aol.com/finance/paying-off-debt-tough...

   For example, a $1,000 credit card balance with a $25 minimum payment would take you 87 months – for over seven years – to pay off, costing you $1,172 in interest alone.

3. Debt service coverage ratio - Wikipedia

   en.wikipedia.org/wiki/Debt_service_coverage_ratio

   For example, a property with a debt coverage ratio of 1.5 generates enough income to pay all of the annual debt expenses, all of the operating expenses and actually generates fifty percent more income than is required to pay these bills. In the commercial real estate industry, the minimum DSCR set by lenders is 1.25, meaning that the property's ...

4. Facing a major financial setback when paying off debt - AOL

   www.aol.com/finance/facing-major-financial...

   If you don’t have one in place, or if it isn’t enough to pay for the expense, you may need to rearrange your budget or make some additional payments to pay off the extra debt Increased expenses

5. How to stick to your debt repayment plan - AOL

   www.aol.com/finance/stick-debt-repayment-plan...

   3. Budget for everything. Staying in the habit of budgeting will help you stay with your debt repayment plan. Tracking your spending will help you have enough money to make your payments. When you ...

6. Debt snowball method - Wikipedia

   en.wikipedia.org/wiki/Debt_snowball_method

   The debt snowball method is a debt -reduction strategy, whereby one who owes on more than one account pays off the accounts starting with the smallest balances first, while paying the minimum payment on larger debts. Once the smallest debt is paid off, one proceeds to the next larger debt, and so forth, proceeding to the largest ones last. [1]

7. Amortization schedule - Wikipedia

   en.wikipedia.org/wiki/Amortization_schedule

   An amortization schedule is a table detailing each periodic payment on an amortizing loan (typically a mortgage), as generated by an amortization calculator. [1] Amortization refers to the process of paying off a debt (often from a loan or mortgage) over time through regular payments. [2] A portion of each payment is for interest while the ...