Tip:
Highlight text to annotate it
X
So you want to know how to recover from the debt you have. First off, you have to make
a plan and then you have to stick with it. You have to prepare a valid budget. You can't
just use what ifs and different scenarios. You have to look at what you really owe, and
what you really have to pay. If you need help preparing a budget, please, contact a non-profit
consumer credit counseling service to help you. Then you need to speak with any creditors
if you need to lower payments or make some adjustment to your ability to pay. The number
one important feature to be able to recover from debt, is to not incur new debt. Not for
any reason, not for any situation. Doesn't matter if what you're really wanting is on
sale, you cannot incur new debt now and be able to recover from the debt you currently
have. You'll be able to live within your means, and within your available cash restrictions.