20 Simple ways to get out of debts - 1 minute read
- Create a budget and stick to it
- Stop using credit cards
- Prioritize high-interest debts first
- Consider debt consolidation
- Look into debt management programs
- Negotiate with creditors
- Sell unwanted items for extra cash
- Get a part-time job or freelance work
- Take advantage of government assistance programs
- Seek professional financial advice
- Use a debt snowball or debt avalanche method
- Cut back on unnecessary expenses
- Use savings to pay off debt
- Refinance loans to lower interest rates
- Get a loan from a family member or friend
- Consider bankruptcy as a last resort
- Use a balance transfer credit card
- Participate in a debt settlement program
- Take out a personal loan
- Take steps to improve credit score