Debtfree Magazine October 2017

HOW LONG
DOES IT
TAKE TO
REPAY DEBT?
Different types of credit are repaid over
different lengths of time. Smaller debts are
often paid quickly while bigger debts, like a
home loan, can take decades to repay. Some
forms of credit can be used without being
charged within the first 55 days and others
have sky high interest rates over a few weeks
or months at a time.
We consider these repayment time-periods
and compare that with how long it takes to
repay debt through debt review.