How do you get out of debt?

Answer by  rhelt (461)

The key to getting out of a bad debt situation is a good budget. Take the time to write down all necessary expenditures per month, all money that comes in, and all current debt. Allocate money for all bills and necessities. Take the money that is left and slowly chip away at the debt.

Answer by  decomom (923)

Begin by figuring out where you money is going each month and eliminate any expense that isn't necessary. Redirect any extra money to your highest interest debt first.

Answer by  JoJackson (177)

Firstly write down all your outgoings and incomings. If there is some money spare then pay off the debt with the highest interest first. If none left contact your creditors.