This post is contributed.
Bad credit and debt don’t really go away as long as we don’t look at it. In fact, it has a nasty habit of growing even more – and, by the time, we build up the courage to take a look, it’s gotten way out of hand.
Luckily, there are a few simple ways to get your debt sorted out once and for all and dig yourself out of the debt hole you’ve been living in for a while. It may require a bit of work, initially, but it will also give you a solid plan and a relieving sense of control when you need it the most.
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Here is a handful of ways to get yourself out of bad credit and come to a deal with those creditors. It just makes it a bit easier to breathe, laugh, and get on with your life again.
Make an honest phone call
The first step you need to take may also be the most difficult one. Pick up the phone, talk from the heart, and stick to your story – especially when you’re dealing with multiple creditors. They don’t want to hear about all the problems you’ve had the past year, of course, but a quick explanation will soften even the toughest creditor.
If you’ve been ill or away from work for a couple of months, it’s a good idea to make them aware of this. The same goes for any other problems you’ve had in the household lately, if your husband has been laid off, or if you’ve run into unexpected medical expenses.
Life is, after all, just life and creditors deal with it too. You can have a look at this article for some other tips on how to come to an agreement as well as how you may be able to write a bit of debt off. Check out Thebalance.com for some more tips on how to get this done.
Have a lump sum available? Use it
Another point to this is that, since you’ve already made that call, they may be willing to give you some slack as long as you have a bit of money to give them up front. This isn’t a must, though, and you may be wondering how you’re supposed to offer a proper sum of money when you’re already in debt.
If they’re willing to write off the rest of your debt, you might want to look for a way to borrow some money for this through GetCash.com – but only use this as long as the benefits are overwhelming.
Start building a healthy credit score
Now that you’ve washed off all your mistakes from the past, it’s time to build a better future. This means that those payments will need to be done on time, though, and you should look into setting up an entirely new budget for yourself.
Have a look at this article if you need some tips on how to live on a strict budget, by the way, and get started on your new and frugal life right away.
Living within your means and even being able to save will have a lot to say for your stress levels and mood, in general. Put some energy into all of this now, and you will feel so much better tomorrow – and the day after that.