{"id":923,"date":"2017-07-05T16:21:09","date_gmt":"2017-07-05T23:21:09","guid":{"rendered":"https:\/\/financer.com\/?page_id=923"},"modified":"2024-03-26T08:24:50","modified_gmt":"2024-03-26T15:24:50","slug":"get-out-of-debt","status":"publish","type":"how_to","link":"https:\/\/financer.com\/loans\/articles\/get-out-of-debt\/","title":{"rendered":"How to Get Out of Debt: 6 Simple Steps"},"content":{"rendered":"\n

Being in debt can be a stressful experience. Unexpected circumstances like losing a job, getting in an accident, or unforeseen financial obligations can push you into debt or make it hard to repay a loan.<\/p>\n\n\n\n

Unfortunately, sometimes being in debt is inevitable. While 30% of all workers in the United States are self-employed<\/strong> according to the U.S. Bureau of Labor Statistics, many of these entrepreneurs rely on debt to keep their businesses running.<\/p>\n\n\n\n

Of course, debt may also be a result of uncontrolled spending. <\/p>\n\n\n\n

However, whether for personal or business use, debt can be debilitating. <\/p>\n\n\n\n

People often wonder how to get out of debt with no money and bad credit. Although this is not always easy, it’s definitely possible to reduce your debt.<\/p>\n\n\n\n

Implementing some practical approaches to money can help you become debt free.<\/p>\n\n\n

6 Practical Ways to Become Debt Free<\/h3>

Steps<\/h4>
1. Make a Conscious Decision to Stop Borrowing Money<\/a><\/div>
2. Keep an Emergency Fund<\/a><\/div>
3. Create a Budget and Stick to It<\/a><\/div>
4. Organize Your Debt<\/a><\/div>
5. Throw Any Extra Cash You Have at Debt<\/a><\/div>
6. Consider Debt Consolidation<\/a><\/div>