Debt Solutions – Your 12 Ways Out from Debts (Part

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Debt Solutions – Your 12 Ways Out from Debts (Part 1)

Being in debt is no fun, especially if you are struggling to make ends meet. Because debt is a complex issue but there may be more than one solution. This article will outlines 12 common methods use by most of debtors to get rid of their debts. Among these 12 debt solutions, there may be one or more options which you can use to solve your financial problem.

Please note this article will be divided into 5 parts, this part will examine 2 of the 12 methods: Self Repayment Plan & Debt Settlement.

Self Repayment Plan

The ideal way to start your debt solution program is with the self repayment plan. Self-discipline is the key factor to ensure the success of this method. Before you come out with your debt repayment plan, you need to understand you current debt condition; detail out all your debts: mortgage & car loan, credit card and other personal loans. Then list down all the fixed expenses such as power, phone, insurance, food and other expandable such as entertainment, gym, membership, dinner at restaurant & etc. Then record down your monthly incomes from salary,...

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