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How can you get out of debt?

Updated: 9/14/2023
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Wiki User

12y ago

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First step is to put down everything you owe to the nearest penny. Knowing where you are makes it easier to know where you want to go.

Second step is to look at any interest rates on credit cards because you can call the credit card cos. to negotiate the rates. It's worth a try.

Third step is to review all of your income, what expenses you can cut and also the timeframe and on when the money is coming in and the money is going out.

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12y ago
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12y ago

Start paying off your credit cards and loans by repaying the ones that have higher interest rates first. Control your spending through debt counseling. Consider taking up another job to pay back your debts faster.

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