This may seem pretty straightforward, but many people don’t realize that borrowing money is the first step to accumulating more debt. So stop doing it! If you’re in a situation where you need credit cards or loans for emergency purchases
If you’ve tried to resolve your debt but couldn’t afford the high fees that come along with many solutions, there is still a way forward. Resolve is an app that connects people with experienced debt agents for a low monthly membership fee.
Debt Snowball is a debt repayment technique where you prioritize your debts and start with the smallest balance, paying off one at a time and moving to each larger balance.
An alternative method to the Debt Snowball method is the Debt Avalanche which is another good option for paying off your debt.
Many people in debt don’t realize they can renegotiate their terms with credit card companies. If you can call up your bank and ask for more favorable rates, then it will be much easier to pay off the debt faster.