Managing debt and credit can be challenging, especially in an unstable economy. Here are some tips to help you effectively handle your debts and improve your financial situation: Create a Budget: The first step in managing debt is creating a detailed budget. Determine your income and expenses to understand how much money you can allocate towards debt repayment. Prioritize Debts: Make a list of all your debts and prioritize them by interest rates and terms. Focus on paying off high-interest debts first to minimize overall interest payments. Consider Refinancing: If you have multiple high-interest loans, consider refinancing them. This can help reduce your monthly payments and the total amount of interest you pay.