By: Guest Blogger Alex Stuart of www.debtconsolidationcare.com
Getting out of debt can be difficult for many people. It becomes even more difficult when
you don’t have a proper job for yourself. In this situation, you always search for a job, be
it a part-time or a full-time. Unless you get a full time job for yourself, you can do part-
time job for few hours to earn some money.
Tips by which a job seeker can get out of debt:
Read this article to know how a job seeker can get out of debt. You can also refer to http://www.debtconsolidationcare.com/help.html for more details.
1. List your every debt – You can make a list of every debt that you need to pay
off. Remember to include all your bills such as departmental store bills, medical
bills, store credit card bills, utility bills. This will help you understand what exact
amount of dues you have and how much you need to pay off every month for your
2. Reduce your daily expenses – One of the best ways to pay off your debts is to
reduce your daily expenses. To do so, you can make a list of items you can do
without. These items may include cancellation of daily newspaper, use electricity
only when needed, canceling gym membership, shopping for unnecessary things,
etc. If you can save some money on your extra daily expenses, you’ll have enough
money to pay off your debts. If required, you can sell some of your assets so that
you can get out of debt.
3. Negotiate with your creditors – If you have shortage of money and you cannot
pay off your debts in full, inform your creditor about that. You can negotiate
with your debtors to reduce the balance of your outstanding dues. There are some
creditors who may agree to reduce your dues if required. You may even ask your
credit card companies to lower the interest rate and also to waive off the annual
fees on the card. You can also ask the utility companies to reduce your past due
4. Pay for everyday expenses – You can find out ways so that you pay youreveryday expenses without using your credit cards. Using your credit card
unnecessarily all time will increase your debts more. Rather you can use your
debit card, if required.
After you get a job, make sure that you keep an emergency fund for yourself from where
you can spend for your daily expenses during the rainy days. This will help you avoid
debt problems in future.