HOW TO GET OUT OF DEBT WHEN YOU’RE BROKE WITH NO MONEY

[{"selector":"#anim-9c09f543-f648-494e-a1f7-15e336a4d4ee","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

The cycle of debt is a vicious one. One day, you are making the monthly payments and everything seems okay.

[{"selector":"#anim-c017ca18-e871-4b7a-aadf-e942ec4c2ab7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

If you’re feeling lost and like you’re in too deep, I am about to help you change that mindset! You CAN get out of debt, even if you’re “broke”.

[{"selector":"#anim-cbde3629-c883-4042-a0f0-e56b5c7e6c8d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

Getting yourself out of debt is just like losing weight. You have to make a LIFE change in order to do it, and that prospect isn’t pretty for most.

[{"selector":"#anim-fe5e80a6-d581-4c70-aafd-349ea76d8546","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

Paying off debt is massively important as you traverse the adult financial world. Paying off debt allows you to increase your credit score.

[{"selector":"#anim-5c383095-5b24-4936-97d8-04c30dc2db87","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0797529-f8f2-4711-bd98-97e570ac8ba2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] WHY IS PAYING OFF DEBT IMPORTANT? Learn more

A high credit score means that you can get a loan for your small start-up business, refinance your current loans, or even get a new car with a decent interest rate.

[{"selector":"#anim-7f36ba37-cbce-4983-88c8-23123151ed57","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

the amount of debt you have is a large contributing factor to your credit score, but it is not at all impossible to deal with a seemingly insurmountable debt burden.

[{"selector":"#anim-738ac7e4-2ff0-4a97-bde3-c89414e78831","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a137eed7-7613-4342-9574-306ec4823bd0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] HOW DEBT AFFECTS YOUR CREDIT Learn more

CAN YOU GET OUT OF DEBT WITH BAD CREDIT?

[{"selector":"#anim-99eee76e-efe0-439a-8011-b72e9eadca9c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3eca81fe-c57c-4d0b-bb78-40a65b403fc2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

If you are struggling to get out of debt, the first and most important step is to stop acquiring more debt.

[{"selector":"#anim-a801a4a2-5a43-4c9a-b826-e56359ebae63","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

CUT UP CREDIT CARDS Instead of taking out more credit cards or continuing to overcharge the ones you currently have, just cut them up!

[{"selector":"#anim-a1297ef5-bd6f-407a-915c-9defa53c6f42","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

Clearing your debt takes time, dedication, and some sacrifices but ultimately if you have a debt management plan in place you can begin to work towards that!

[{"selector":"#anim-57cbdbcb-88b3-4cf0-86c7-f37247410b80","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Read The Full Article