HPAL Tip of the Week: Non-Revolving Debt

HPAL Tip of the Week: Non-Revolving Debt

HPAL Tip of the Week:
Target a non-revolving loan and treat it as priority!

Non-revolving debt, such as a car loan, does not permit you to borrow again while you are paying it down. Watching those loans decrease and eventually disappear will keep you encouraged and motivated. Pick one non-revolving loan, target it as a priority and watch what happens!

You are encouraged to use these weekly tips on your website, social media pages or in other communication with your members to illustrate one more way credit unions help people afford life. If you have a tip you would like to share with the HPAL Listserve, please email helpingpeopleaffordlife@doig.cuna.org. When sending an email it is sent to everyone on the list.

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