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Here’s the good news about bad debt: You can reduce it. When you have a clear view of your outstanding accounts and amounts, you can use the following tips to get out of debt. 1.
The process of getting out of debt is going to take discipline, but it starts with the mindset that you want to be debt-free." Shutterstock.com Get a Clear Picture of How Much Debt You Actually Have
Credit counseling agencies and debt management companies specialize in helping individuals navigate their way out of debt. They can assist in creating a personalized debt management plan ...
It isn’t enough to say you want to get out of debt. Be specific, such as I want to pay off $6,000 in debt in the next 12 months. Then you can break that down into mini-goals of $500 per month.”
Digging your way out of deep debt is hard, but there are options. ... if you take out a $5,000 debt consolidation loan with a three-year term and an 11 percent fixed interest rate, you’ll pay ...
To get rid of debt, you first have to be aware of how much you actually have, said Michael Gerstman, ChFC, CLU, CEO of the Dallas-based retirement planning firm Gerstman Financial Group.
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