9 Tips to Get Your Finances Back on Track
How do you get your finances back on track? Here’s what debt counselors
suggest:
- Admit there’s a problem
that is out of control. Act now.
- Itemize household and living
expenses. Highlight essentials—house, utilities, transportation
to work..
- Prioritize debts. Protect
your home first. Credit card and medical debt can wait..
- Call your creditors now.
Explore bill-paying options.
- Do not refinance credit card debt with
a home equity loan.
- Get professional help.
- If you live on a low, fixed income, consult
a local legal aid society, and learn your rights.
- If you can begin a debt repayment plan, work
with an accredited nonprofit credit-counseling agency in
your state.
- Cut up your credit cards, and
pay by check or cash.
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