If you have found yourself on the brink of bankruptcy it is easy to feel hopeless and want immediate guidance. But working with a traditional debt relief company can carry risks of its own. Before taking that step consider the following alternatives to get control of your debt without further damaging your credit.
1. Budget
The base of all spending comes down to your ability to budget. When reassessing your spending habits it is important that you strike a balance between saving money while not eliminating all nonessential costs. A budget based on the complete removal of all spending is not a sustainable approach that could potentially lead you back down the road of built-up debt.
One of the most common budgeting approaches is the 50/30/…
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