article thumbnail

10 Common Questions About Bankruptcy

Debt Free Colorado

Are you experiencing emotional distress because of your debt situation? Meeting with a credit counselor should be your initial move if you indicated “yes” to a number of the aforementioned inquiries. Do not use credit consolidation businesses that are marketed on television or online.

article thumbnail

How to Get out of a Debt Spiral–11 Easy Things to Do [TODAY]

Credit Corp

And, if you have both student loans, and credit card debt, it may feel like a debt spiral. And as far as your debts are concerned, there are ways to reduce or pay them off with a well-conceived strategy. When you can’t control your debt spiral on your own, you should contact credit counseling agencies first.

article thumbnail

Seven Ways to Get Out of Debt in 2022

Better Credit Blog

Some examples of debt are mortgages, credit card dues, and personal loans. Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In other cases, such as credit card debt, it’s seen as a hardship and can have a negative impact.