Reflection: How We End Up With So Much Debt

How We End Up With So Much Debt?

Because of Unmanaged Credit Card Spendings.
How to get out?

• Sit down, talk with your family and discuss about family's financial standing.

• Use all the money you have in paying credit card debts but do not forget to keep enough for your basic needs.

• Tighten your belts, and avoid spending for the time being until you fully paid the credit card debt.

• Sell assets which are not so important to keep and use your proceeds to pay your credit card debt promptly.

• Negotiate with the credit card company. Surrender your credit card and request to reduce the payment.

• Do this and get out fast.