Everybody wants to get out of Debt now and then, and you don’t need to get a consolidation loan to do so. If you’ve been struggling to keep up with your obligations, then you probably don’t have a good enough credit score to get a loan. There are other options. You can first try to catch up on bills yourself. If that doesn’t work, you can obtain services from a money management professional who will teach you how to get out of debt without a loan.

The very first thing to do, if you haven’t yet done so, is to gather all of your data – every single bit of it. Including current interest rates, credit card bills and statements, loan statements, due dates, whether you’re behind or not, and so forth.

Then, create a budget and prioritize the debts. Which ones should you pay every single month? What is the minimum payment? If you can, pay more than whatever the minimum payment is. It’s crucial to pay off as much interest as possible – especially if you’ve fallen behind. Be firm with your budget and make sure everyone else in the household commits.

If your credit score is still decent enough, you might qualify for a credit card with a lower interest rate than your current ones. Ideally, get a balance transfer card that won’t charge any fees or additional interest for transferring the balance from the higher interest cards to it. Just try and pay it down as much as you can before that low introductory rate period is over. This way is how to get out of debt without a loan, provided that you do everything right.

How to Get Out of Debt Without a Loan When It’s Out of Control

Debts too far out of control that you aren’t confident that you can handle all on your own? This time is where a debt management service will come in. They will take a look at all of your information and help you establish a path to recovery. Let them know that getting a loan is something that you would prefer not to do, or even that you don’t think you’ll be able to do if your credit is bad enough.

Some ways they can potentially help you include debt management/payment schedule, debt negotiation, debt settlement, bankruptcy, etc. Since each and everybody is different and has a set of circumstances specific to their own personal (and maybe business) debts, they will let you know your best options.

Learn more about how to get out of debt without a loan by getting a free consultation with CuraDebt. Reviews are mostly positive, and it is an IAPDA Accredited Service Center member.