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- To deal with debt, you can123:
- Know what you owe and make a list of all your debts
- Get help from a credit counseling service or consider bankruptcy if you are overwhelmed
- Work out what you can afford to pay and prioritize your debt and bills
- Pay off the debt with the higher interest or the smaller amount first
- Transfer your credit card balance to a lower interest card
- Treat yourself and boost your emergency fund when you pay off a debt
- Develop a savings mindset and set financial goals
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Get debt under control
- 1. Know what you owe The first step is to get a clear picture of what you owe. Make a list of all your debts, showing: how much each debt is ...
- 2. Get help if you need it ...
- 3. Work out what you can afford to pay ...
moneysmart.gov.au/managing-debt/get-debt-unde…1. Treat yourself. 2. Prioritize financial goals. 3. Tackle another debt. 4. Boost your emergency fund.money.usnews.com/money/personal-finance/slides…How to Get Out of Debt
- 1. Analyze your situation. ...
- 2. Consider bankruptcy. ...
- 3. Consider going to a credit counseling service. ...
- 4. Prioritize the debt you need to pay. ...
money.usnews.com/money/personal-finance/debt/… - People also ask
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