Many households will have started the new year with a nasty financial hangover thanks to the holiday spending season.
That follows a record-breakingDecember where Australians racked upa record $30 billion in credit card debt alone.
If youre one of these people, what should you do to avoid carrying and accumulating even more of it?
Dominique Grubisa, a lawyer and CEO of DG Institue, shared her top tips for getting out of debt efficiently and effectively.
1. Re-finance
If you have equity in a property, one easy solutionis to re-finance your credit card or personal loan debt into your mortgage so that youre paying a lower interest rate.
Obviously, youre better off paying three or four per centth…
Read the full article at: https://www.yourmoney.com.au/wealth/personal-finance/5-steps-to-get-out-of-a-debt-headache/