You started with a credit card, then with others, you continued with a loan and now you cannot pay your debts. Is this your case? We hope not and that you are here just for browsing. If not, here are simple tips to end the debts that stress you so much.
Order your debts
We know you can’t pay everything together – that’s why you’re here! Perhaps you have had some other delay, so a debt consolidation is perhaps no longer viable.
The first thing you should do in this situation is to order yourself. Start by paying the most expensive debts ever. This will make it easier for you to deal with interests.
How to pay off your first debt?
You have already set your goal and you know what debt you want to pay off first. It’s time to adjust your personal budget. In this way you can allocate as much money as possible to pay the most expensive debt.
Plan to pay the highest monthly money, so you can cancel it in less time and move on with the others.
Repeat the same process.
Once you have managed to pay the most expensive debt you will have more money to pay the others (never let a debt be due!). If you have a hard time paying the others try to have a good amount of months being up to date, maybe you can get some debt consolidation offer that will allow you to get a cheaper credit.
For this strategy to work and your personal finances to float again, it is important that you do not acquire new debts in the process. A good measure is to unsubscribe some of your cards and say NO! to those attractive loans. And if you are one of those who still do not delay their payments, but you see that it is not easy to pay everything, go for a debt consolidation, it will be of great help.