| Drowning in debt with no relief in sight can be a | | | | were better paying jobs that I didn't want to take |
| devastating experience. Anxiety can be overwhelming, | | | | because I didn't enjoy the work. I had to come to |
| we grow short tempered with those that care about | | | | terms with the fact that living under the yolk of |
| us and our relationships suffer. It is a miserable | | | | paralyzing debt was worse than the jobs I didn't want |
| experience, an ugly experience, to realize we are | | | | to take. A second job or a less than desirable job |
| drowning in debt with no relief forthcoming. I have been | | | | doesn't need to be permanent, use it to get back on |
| there, I know what it feels like. | | | | track. |
| I was in the same circumstance, I was drowning in | | | | - Declare bankruptcy. You are not your credit score, |
| debt and I felt like I had no options, no hope, but I first | | | | and countless successful, well respected people have |
| want to say that you are not alone, many people find | | | | experienced hard times and were forced to declare |
| ourselves in this situation and there are solutions. Below | | | | bankruptcy. A financial mentor of mine oft repeated to |
| we will outline some non-traditional means of getting | | | | me that most millionaires have been bankrupt before, I |
| yourself out of this debt situation. | | | | don't know the stats on that statement, but Donald |
| When I was drowning in debt I remember reading guru | | | | Trump comes to mind. |
| advice, on the internet, and on television, telling me to | | | | - Desperation is good. Desperation can be quite |
| spend less, and be more responsible. I was so | | | | motivating. When I went through my troubles, |
| frustrated with them, their solution was always to | | | | desperation caused me to seek out freelancing jobs |
| spend less when I couldn't be more frugal! Below I am | | | | and other sources of income that I wouldn't have |
| going to discuss the debt reduction options gurus don't | | | | looked for otherwise. These jobs led to relationships |
| like to talk about. | | | | being built that would later get me out of debt and |
| - Stop paying your non-essential bills. If you haven't | | | | back on track. Desperation forces you to do what you |
| already, let your credit lines, or credit cards default. | | | | are scared of and challenge yourself. |
| Stop struggling to make payments and let your credit | | | | Growth comes trying new things, looking for new |
| suffer while you rebuild your cash reserves. You will | | | | opportunities and stretching ourselves and our |
| take a hit on your credit score, but often you will be | | | | character. Trying times like this test our mettle, they |
| able to renegotiate the repayment terms with these | | | | forge our spirit into steel and though it does not feel like |
| credit providers from a stronger standing when you | | | | it at the time, we come out stronger in the end. The |
| are able to pay them off. Credit can be repaired, | | | | above options are the debt advice financial gurus |
| sometimes it can be empowering to know that you | | | | won't discuss, but they are on the table, and |
| can survive and rebuild. | | | | sometimes it is worth considering them. |
| - Take a job you were avoiding. In my case there | | | | |