Blog
Kenya    Philippines    Mexico
Take Control Of All Your Debts!
KE
Tala
• 1 minute read

Having a little bit of debt can be stressful but having multiple debts can feel overwhelming. But don’t worry — debt is something many people successfully manage. It doesn’t need to be something that takes over your life. By making a plan, you can keep up your payments and get rid of your debt.

Use this very simple method to get started: 

Note: Avoid taking out another loan to pay off your previous loans. This can be tempting but it will only add to you growing debt. Take a late fee if you need to, but avoid piling up loans at all costs. 

Once you’ve paid off your smallest debt, you’ll feel a sense of progress. That debt will be out of your life forever, and you’ll have the power to pay off the second. Studies show that tackling one debt at a time will be easier than trying to pay off all your debts at once. Small accomplishments help keep you motivated. When you get to the bigger debts, you’ll have freed up cash from paying the earlier ones. If you need future loans, make sure to take only one loan at a time to keep your debt in control and easier to manage. You got this! 

HOT TIP: This is for traditional and digital loans. If you have a loan that has daily fees, make sure to pay that off as soon as you can because the fees on them grow very quickly! 

Expanding financial access, choice and control for 3 billion underserved globally.
Tala provides modern credit for the mobile world
Blog
Kenya    Philippines    Mexico
Take Control Of All Your Debts!
KE
Tala
• 1 minute read

Having a little bit of debt can be stressful but having multiple debts can feel overwhelming. But don’t worry — debt is something many people successfully manage. It doesn’t need to be something that takes over your life. By making a plan, you can keep up your payments and get rid of your debt.

Use this very simple method to get started: 

Note: Avoid taking out another loan to pay off your previous loans. This can be tempting but it will only add to you growing debt. Take a late fee if you need to, but avoid piling up loans at all costs. 

Once you’ve paid off your smallest debt, you’ll feel a sense of progress. That debt will be out of your life forever, and you’ll have the power to pay off the second. Studies show that tackling one debt at a time will be easier than trying to pay off all your debts at once. Small accomplishments help keep you motivated. When you get to the bigger debts, you’ll have freed up cash from paying the earlier ones. If you need future loans, make sure to take only one loan at a time to keep your debt in control and easier to manage. You got this! 

HOT TIP: This is for traditional and digital loans. If you have a loan that has daily fees, make sure to pay that off as soon as you can because the fees on them grow very quickly! 

Expanding financial access, choice and control for 3 billion underserved globally.
Tala provides modern credit for the mobile world