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How to pay off debt using the 'rule of seven'
NBC Newsยท2025-07-24 22:05

When you again talk to people about how to handle not just maybe necessarily student debt but overall debt in an environment like this, what's the advice. >> I always say use the rule of seven. I actually encourage folks to rank their debt from highest to lowest interest rate.And you're going to make the minimum payment across everything just to ensure that you don't, you know, fall into the default zone. But really prioritize paying down the debts that have over like 7% or over in terms of an interest rate ...