Debt Guides | Penny & Plan

Debt How to Pay Off Student Loans Faster Why extra payments help in the US and Canada but often waste money in the UK, plus the exact instruction that stops your overpayment being quietly swallowed. 9 min read

Debt Good Debt vs Bad Debt: What's the Difference? Good debt and bad debt are labels, not tests. Use four questions on rate, asset, flexibility and exit, plus the US, UK and Canada rules that change the answer. 9 min read

Debt The Minimum Payment Trap Explained Minimum payments fall as your balance falls, which is why the debt never ends. See the real numbers, the one-line fix, and the US, UK and Canada rules. 9 min read

Debt What Is a Good Debt-to-Income Ratio? Work out your debt-to-income ratio in two minutes, see why the 43 percent rule no longer applies, and learn the limits lenders use in the US, UK and Canada. 8 min read

Debt How to Get Out of Debt on a Low Income When minimum payments eat your whole margin, standard debt advice fails. Here is the order of operations that works on a low income in the US, UK and Canada. 9 min read

Debt Should You Consolidate Your Debt? Consolidation moves your debt, it does not shrink it. Run the total cost test, compare the four routes, and check what the rules allow in the US, UK and Canada. 9 min read

Debt What Is a Balance Transfer Credit Card? A balance transfer buys you months of 0% interest for a fee. Here is the sum that tells you if it is worth it, and the four ways it quietly goes wrong. 7 min read

Debt Debt Snowball vs Avalanche: Which Pays Off Debt Faster? Debt snowball vs avalanche compared with a real example. Which method clears debt faster, which keeps you motivated, and how to choose. 7 min read