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Accelerated Debt Reduction Plans. Sound debt reduction or debt elimination plans involve one or more of the following three components:1.Extra principal payments.Making larger-than-required payments; and/orBi-weekly payment arrangements2.Paying the highest rate debt first.3.Reduction of inte
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1. Accelerated Debt Reduction PlansAdvantages, disadvantages; do-it-yourself, and structured plans. To continue the slide show, mouse click or press
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2. Accelerated Debt Reduction Plans Sound debt reduction or debt elimination plans involve one or more of the following three components: 1. Extra principal payments. Making larger-than-required payments; and/or Bi-weekly payment arrangements 2. Paying the highest rate debt first. 3. Reduction of interest rates. (Each of these points will be discussed in detail in the following slides).