You’re drowning in debt and unsure of where to turn. You feel like you’ve tried everything, but you run into one roadblock after the next. Guess what? You’re not alone.
If you have thousands of dollars in debt and feel like giving up, don’t. There are a variety of steps you can take — many that you probably haven’t tried — that can put you on the path to financial success. In the slides below, we’ll outline what you can do to wipe out up to $10,000 of debt (and maybe even more).
List Out Your Debts
You can’t wipe out your debt until you know what type you have. List out every last debt — regardless of the balance — to ensure that you fully understand your situation.
Once you have this list in front of you, collect all documentation related to each type of debt. For example, if you have $5k total in credit card debt, collect your most recent statements. It’s here that you’ll find additional information, such as payment due dates and how long it’ll take to eliminate the debt if you only pay the minimum.