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  2. How to pay off your credit card debt: A step-by-step game ...

    www.aol.com/finance/how-to-pay-off-credit-card...

    The debt snowball method. This method focuses on motivation through quick wins. You make minimum payments on all debts while putting extra money toward your smallest balance.

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

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

    Using debt repayment plans such as the avalanche strategy or the snowball strategy allows you to pay off debts with high interest rates more quickly. These strategies save you on interest in the ...

  4. UCC-1 financing statement - Wikipedia

    en.wikipedia.org/wiki/UCC-1_financing_statement

    A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).

  5. Debt management plan - Wikipedia

    en.wikipedia.org/wiki/Debt_management_plan

    This commonly refers to a personal finance process of individuals addressing high consumer debt. Debt management plans help reduce outstanding, unsecured debts over time to help the debtor regain control of finances. The process can secure a lower overall interest rate, longer repayment terms, or an overall reduction in the debt itself. [2]

  6. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.

  7. How to use the debt avalanche payment strategy - AOL

    www.aol.com/finance/debt-avalanche-payment...

    Arrange the list in order from the highest-interest debt to the lowest-interest debt. For instance, if you have the following debts: A $3,000 credit card with a 17 percent interest rate.

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