1. Paying the minimum payment due on your debts will ensure you avoid late fees. But when it comes to getting rid of your debt completely, it’s important to pay more.
3. Carmen Perez, a personal finance advocate for Varo Bank, said one way to get ahead of your debt is by calling up your creditors and asking for a
rate reduction.
4. The thought of filing for bankruptcy might seem scary. And it’s definitely something you should only consider as a last resort since it can damage your credit for
several years.
6. Once you have a basic budget in place, take a look at your discretionary spending (AKA your “wants”) and look for opportunities
to cut unnecessary spending.