Wrap Up Debt Management

 

 

Final Words and Debt Prevention

Now that you understand the basics of debt management, you may have some questions on how to get started or how to avoid negative debt entirely. As mentioned at the beginning of this module there is both negative and positive debt, and it is very likely that you will or have come in contact with positive debt. The daunting part about debt management is that technically any positive debt can become negative debt if the effects of your debt becomes overbearing, but fortunately there are prevention systems in place to keep you on the right path.

How to Avoid Falling into Negative Debt

To avoid negative debt, the best thing you can do is seek advice from a licensed professional. You can seek out resources from your bank, financial  institution, or any financial advisors you may already have. There is also our office on campus, which offers free appointments where we can talk more about certain debt management questions you may have as well as many other financial topics to students attending UNC Charlotte. As always, starting early is a great way to ensure financial success and when all else fails, and you aren't sure, there will always be the golden rule: don't buy what you can't afford.

Congratulations!

Now that you've made it this far, you understand the basics of debt management and prevention! Share this information with your friends and family, and make sure to contact the Niner Finances Office at ninerfinances.charlotte.edu if you have any questions! From here, navigate to the link below to earn your Debt Management badge and explore another module.

 

Next Chapter: Recap Quiz

Check your Knowledge: Debt Management

All Chapters:

[Chapter 1]: Good Debt? Bad Debt? Too Much Debt?

[Chapter 2]: Where to Start Debt Management

[Chapter 3]: Debt Management Plans

[Chapter 4]: Avoiding Fraudulent Debt Management Practices

[Chapter 5]: Wrap Up Debt Management