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February 16, 2021

Prioritize debt payments in the pandemic

  • The COVID-19 crisis and its economic fallout are far from over, so be strategic when dealing with debt.

    A singular crisis has led to extraordinary relief options for borrowers. Interest and payments have been paused on federal student loans. Homeowners can request nearly a year of mortgage forbearance. Credit card issuers and other lenders dramatically expanded hardship programs.

    Still, many Americans say they took on more debt last year because of the pandemic, according to NerdWallet's household debt survey.

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