How can I avoid the biggest mistakes people make when trying to pay off their debt?
Paying off debt can be difficult, and it may take years to achieve, but it’s not impossible to do. Two of the largest pitfalls when trying to pay off your debts are: * Thinking that it is going to be too difficult, and consequently, not even making the attempt * Thinking that it is going to be easy and then making poor choices or giving up Before taking what may appear to be “the easy way out,” remember the old saying, “If it seems too good to be true, it probably is”, has never held truer. Unscrupulous debt consolidation “specialists” will make you all sorts of promises, and leave you in worse financial shape than you are now. Borrowing against your home may cause you to lose your home, and filing for bankruptcy will destroy what’s left of your credit rating for the next 10 years.
