What should a member do after analyzing their debt?

After analyzing their debt, a member should consider refinancing or consolidating their debt as a strategic next step. This process can help to lower interest rates, reduce monthly payments, and simplify their financial obligations by combining multiple debts into one. When members take the time to evaluate their debt situation, they can identify opportunities to improve their financial health, potentially saving money and reducing stress.

Refinancing might involve obtaining a new loan to pay off higher-interest debts, while consolidation typically combines several debts into a single loan with more favorable terms. By exploring these options, members can address their debt more effectively and work towards a more manageable financial situation.

Other options like canceling all credit cards may or may not be beneficial, as it can impact their credit score and limit their financial flexibility. Increasing their spending limit could lead to more debt if not managed properly, and ignoring non-debt expenses might prevent them from seeing the full picture of their financial health. Thus, refinancing or consolidating debt provides a constructive and proactive way to handle debt after analysis.