Judicious, consistent debt management is one of the most positive actions a woman can undertake. The majority of adult consumers now carry some type of debt. This may be an education loan, a home mortgage, or one or two credit cards. Debt is important to carry to establish a credit rating. The New Savvy shows how debt doesn’t have to be a bad thing and even describes how to keep aggressive debt collectors off your back. Managing your debt properly is the key to keeping more money in your pocket long-term. Debt is a necessary element of a productive financial plan. A current credit rating is essential to prove to potential lenders that you have made good on past debt pay-offs. To establish a credit rating, experience as a debtor is a must. Look at this way: your ability in the future to be credit-approved for that home loan, start-up business loan or kitchen appliance financing depends on whether you’ve made entirely unrelated past monthly credit card payments on a timely basis. So don’t circumvent debt completely – it is a useful part of personal money management. This guide to debt management and solutions describes the difference between “good debts” and “bad debts”. Since no one can avoid becoming a debtor, it pays to concentrate on accruing good debt and paying off bad debt. Proper planning – including creating a realistic income/expense budget, prioritising individual debts and creating a timeline reflecting reasonable points at which principal can be repaid – can make all the difference in saving you additional high-rate interest charges or overdue fees. The New Savvy can show you the ropes. Learn how to carefully monitor credit scores and credit ratings. There’s never a better time than the present to get “in the know” about your own credit rating and numeric credit score. Before applying for any loan, it’s vital that you can see your own credit record through the eyes of your potential lender! The New Savvy tells you how to access your own credentials quickly and economically. With a bit of common sense, a debt situation can be turned into a positive success story. The New Savvy tells you how to create a debt management plan and solutions with examples and advice by financial experts on clearing debts of all kinds. Learn the fine art of taking on and paying back student debt or using smart methods to a heavy mortgage commitment off your back.