Bad debt

[xmen]

There comes a time when finances are mismanaged. How can you manage a bad debt ?

[vulture]

One practical way is to cut down unnecessary spendings. Find a financial institution which can refinance your bad debt and can give you a good payment scheme.

[joshb]

I try to just buy what I need, and before I buy things I make sure that I actually have the money to pay for it.

I don't use credit cards so I never build up debt with those either.

It's been working well with me so far.

[ronhaha108]

wow, you don't spend any $? you must be pretty boring

[whyman]

I'm in bad debt and i've found in the past that to help it along, saving up every penny can make a difference, so i just put it into a piggy bank and take it to my actual bank at the end of the month. It really helps.

[Icebox]

What really helps is not to get into debt in the first place. It sounds silly, but if you get yourself out of debt, just don't try and fall back into it. I.e. don't use credit cards or get loands out, its just too easy to fall back down again!

[hoozah]

Really, just buy what you need. Don't spend on money just because you can. It doesn't work that way and it's just not smart.

[Lesfex]

Make proper plan before you make investment..maintain proper record of each and everything you