Consumer debt includes all amounts owed to life for purchases. These include: credit card debt, car loan debt, education loans, mortgages and other recent payment. Most of them had credit card debts.
What is it?
Consumer debt to buy what you may not be able to provide a single farm payment. However, many, it simply does not remain. The presence of too many debts spiral upwards can quickly undermine your financial stability.
Credit cards are the worst offenders. Unlike other forms of debt, interest on credit cards, said. Connections of debt faster, and none of them taxed.
They have too much consumer debt?
If you are harassed by credit card collection calls, you already know you, too. But the lender requires not only a symptom. If you feel persistent fear can to meet his financial obligations, the likelihood of you near the edge switches.
How can I fix this?
First, determine what expenses can be reduced or eliminated, and learn how to earn more. With a view to accelerating progress is needed in order to reduce costs and increase their contribution. May are what you need to renounce some luxuries. In the short term, better long-term debt.
Secondly, to the money to repay your debts consumption. Concentrate on debt payments more expensive. You must prilezhnymi and committed.
Thirdly, how can you repay a debt of each roll your additional payments to the next debt. Repeat until all of them are not paid. Semi-week, month, week or even more frequent payments can be made to help shave interest in additional costs.
Fourth, change their behavior. Get over your head with debt often reflects the cost mindlessly. The aim is less than 30% of your hands to pay debt.
And finally, to know you are not alone. There are many groups of people here and now, the problem with too much debt to consumers. The work to change their position and let our community there to support the changes you make, how you debt free. Good luck!