Options for Getting Out of Debt When You Do Not Have Money

Mika

VIP Contributor
If you're struggling with debt and lack funds for repayment, here are some options to consider, but remember not all methods can work for everyone.

Borrow from friends and family: Seek financial assistance from friends and family where you do not have to pay interest.

Sell your assets: Liquidate properties, houses, land, cars, or gold to generate funds for debt repayment.

Work hard to make money: Increase your income through hard work and allocate those earnings to pay off your debt. Work over time to generate additional income.

Prioritizing debt repayment is crucial for every individual, outstanding debt is very bad for personal finance.
 
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