Weatherhead's Mary Sasmaz on how to pay off debt

Drowning in debt? This one move could save your financial life

The Independent: Mary Sasmaz, assistant professor at Weatherhead School of Management, said the first step out of debt is fully understanding it: borrowers should list all accounts, balances, rates and payments—an “in the know stage” essential to building a payoff plan. She also warns that without addressing underlying habits, people risk falling back into repeated cycles of debt.