Suze Orman: Here's the best way to pay off debt

Americans are in debt.

The average person has more than $92,000 in debt, according to the Experian 2020 Consumer Credit Review.

The most important step to paying off your obligations will be deciding which loans you need to tackle first, according to financial expert and podcast host Suze Orman.

You should start by categorizing your loans as secured or unsecured, said Orman.

Check out this video to see how the bestselling author recommends you determine which type of debt you have and what you need to do after compiling your list.

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[sarak]

I paid off all my student loans and every debt out there in my early 30s. Im free of that mess....

[christophiluslovingchristb]

I just paid off my 6 year truck loan in 3 years, yet I was penalized with a decrease in my credit scores. I just think the current credit agencies are backwards.

[oxarplatt]

The best thing you can do is never to get in debt in the first place. Once you have debt, your a slave until your out of debt.

[pataleno]

Totally the opposite of UK.

Student debt is paid last. Credit card debt first. Tackle the worst debt first.

[spector]

Shoudn't you pay the debt with highest interest first? So pay credit cards first?

[g.r.bryant]

Her main advice over the years is to get a job and assumes that one has sources of income. Living in the US is expensive and layoffs are common. She likely has 6 sources of income! Easy for her to say!!??

[seethemiddlefinger]

Don't listen to her. Bad information.

[whynfzr]

*⬆️👆🆙No’one gets account funded perfectly than🆙....legendaryyy*

[ffspxlc]

Stop posting this scammer. She preys on the poor and desperate.