When you think you’re in debt, think again: How much do you owe?

If you’re one of those people who’s paying more than you need to, you may be in luck.

In a recent study from NerdWallet, we looked at the estimated monthly spending power of people who paid off their debts within a few years of starting out.

And while there’s some good news, there’s also some bad news.

We found that most people are spending more than they owe on average, and that a lot of the difference is due to the fact that they’re trying to pay off their credit cards, student loans, or other loans.

What can you do about it?

1.

Understand that it’s not the debt you’ve accumulated that’s going to cost you money.

According to NerdWallet’s study, most people who pay off debt are doing so for different reasons: for the same reasons that people with other types of debt do, like the financial benefits that accrue when paying off a high-interest debt; or for other reasons that have nothing to do with debt.

A better way to think about debt is as a loan, but the term “loan” is often used interchangeably with debt because it’s easy to confuse with debt when you think about it from a financial perspective.

For example, when you’re talking about a student loan, you might think of it as a high interest debt.

But it’s a loan because the principal is the same as a credit card.

The only difference is the amount of interest charged.

The same thing happens when you borrow money from your employer or other creditors.

When you pay off a credit or debit card, you’re actually transferring money to the issuer of the card rather than to you.

The debt that you’re currently holding on to is what you owe.

You’ll need to work with your lender to resolve the debt before you can move forward with making a payment.

For more on debt, read NerdWallet.

2.

Invest in your credit score.

This can help you avoid getting stuck with a high debt load and avoid needing to pay back loans that have accrued over time.

Credit scores are a way to track the status of a person’s credit history, which is often a good indicator of a borrower’s likelihood of repayment.

According the Federal Trade Commission, if a consumer’s credit score falls below 620, the average American will have to pay a penalty of at least $1,000 in interest each month, or about $1.50 per day.

(Learn more about credit scores.)

If your credit report is good, you should have no trouble keeping your credit card and other debts off your credit reports, even if your score is in the low 620s.

3.

Make a plan.

If you are still struggling with debt and you’re considering a refinancing, there are plenty of steps you can take.

It’s a good idea to have a clear-cut plan in place that’s clear about your budget and your goals.

For instance, you could consider making a down payment for a home, and then having a mortgage with the bank that’s secured by your credit rating, which could help keep your payments low and avoid interest payments.

4.

Consider getting a loan.

For most people, a mortgage is a good option if you have a small down payment and a relatively low monthly payment.

You can also use a line of credit or line of deed to help reduce your monthly payment, and you can find some lenders that offer loans with lower rates.

If the mortgage rate you’re looking for is too high, you can consider refinancing.

If it’s too low, you’ll need more time to make your payments, and refinancing can be a risky proposition for those with smaller down payments and smaller monthly payments.

5.

Know your rights and responsibilities.

As a homeowner, you have legal responsibility to make payments to your lender.

If your lender owes you money, they can sue you for breach of contract, or for default, and it’s your responsibility to prove that you were in default.

If a lender owes money, you don’t have to worry about a default on your mortgage, because the lender is legally required to take action against you for your failure to make the payments that they owe you.

6.

Use your credit to get the help you need.

If paying off your debt doesn’t help you with any of the above issues, you need help from your credit providers.

If they have a credit score, they may have more information on what’s happening to your credit.

You also may want to consider checking with other financial institutions to make sure they don’t owe you interest, fees, or late fees.

7.

Try to find the right balance.

You might not be able to pay down the amount you owe, but you might be able get a lower payment that’s more in line with your income or budget.

If that’s the case, you will probably be able afford to pay less.

If this is the case for you, you shouldn