The first thing for you to do is: organize your bills and know where to save
Many people want a card but don't want to organize themselves to pay their debts. So have a sense of responsibility for yourself. Pay your debts. Or at least start organizing to make it possible.
Right after separating your debts, it's time to separate your bills, monthly expenses. It's important that you know everything you spend per month, to organize what's essential, extra and what you can spare to save.
Bad name credit card? first do this
Yes, before thinking about the card, think about the essential bills, such as rent or mortgage payments, condominium fees, water bills, electricity bills, food bills, education bills. Not much to move, is there? But you can find cheaper alternatives. Saving a little, on everything you consume, helps you have a surplus to pay your debts.
A lot of people look at debts, bank statements, and think mathematically “It won’t work, I won’t make it!”. It's a bad feeling, but I'm here to tell you that it's possible to get out of debt even on a short income. With rising interest rates, a debt that previously fit in your pocket can become much larger than your income. It is a delicate situation, but it is possible to pay off your pendencies.
The key right now is to know exactly how much you owe and organize yourself to be able to pay. Take a look at the tips below you will understand better.
Be responsible: face the situation and plan
When we are in this situation it is difficult to accept that this has become a problem and that it is disturbing us. You have to accept the problem and have the determination to work with it. So, you must create a plan to get enough money to start your debt negotiation process. Without planning, you won't know exactly where to get that money from, nor the total amount of debt to make the negotiation.
Total amount of each debt
You need to separate all your debts and take the value of each one of them. Know the initial value of the pendency and how much it is now that interest is accruing. By knowing this information, you will be able to calculate how much you need to trade them.
Now that you've done all that, start thinking about your credit card.
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Good luck!!
