Author: Mock Webware
The first option you should consider is repaying your debts on your own. It may seem like a daunting task, but it can be done.
We recommend starting with a budget; figure out where your money is going each month and where you can cut back. Set limits for yourself. Cancel the gym membership you never use. Cancel your cable and get Netflix. Stop eating out. If possible, put yourself on a cash-only diet (no cards = no interest).
Apply the money you save towards your debt. This is not an opportunity to buy something else. The longer you take to pay off your debts results in more money lost on interest. We recommend paying down your debts one at a time. Pick a debt with a relatively small balance and high-interest rate and put all of your extra money towards that account. Keep paying as much over the minimum as possible on one account until that account is paid off. Once the account is paid off, move on to the next one.
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