Avoiding debt like the plague: Three ways to efficiently keep yourself away from debt

Avoiding debt is easy… on paper. But in practice, it’s difficult, and sometimes it almost seems impossible—especially when you’re trying to make both ends meet.

 

If you cannot pay your debt anymore, severe complications may arise. Legal repercussions such as foreclosure can happen.

 

One of the most common mistakes of those who become trapped in debts, is they ignore it when it was small. Interest rates may seem manageable, but it can accumulate over time.

 

Feather-light weight debts can transform into a solid boulder that will only grow bigger as it avalanche when left unchecked.

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Author: Donna Woods

  • 6+ years of experience in financial analysis
  • 5+ years of experience as a writer, published author, editor, and screenwriter