How to get out of debt, step by step

Videos in this playlist

1. 1Tips For Getting Out of DebtTwo CentsPlay from here Loop
2. 2Is It Good For Me To Have Debt?Two CentsPlay from here Loop
3. 3Good Debt vs Bad Debt?NerdWalletPlay from here Loop
4. 4How much debt is too much debt? | Awkward Money QuestionsNerdWalletPlay from here Loop
5. 5What is Debt-To-Income Ratio and why does it matter?— consumerfinance.govcfpbvideoPlay from here Loop
6. 6Debt Snowball vs Avalanche Method: Best Way to Pay Off Debt?NerdWalletPlay from here Loop
7. 7How To Manage Debt (SMART TIPS) | NerdWalletNerdWalletPlay from here Loop
8. 8How To Manage Your Debt - Tips From Financial Pros | NerdWalletNerdWalletPlay from here Loop
9. 9How To Budget When You Have Credit Card DebtThe Financial DietPlay from here Loop
10. 104 Steps To Calculate Credit Card Interest | NerdWalletNerdWalletPlay from here Loop
11. 11Stop Wasting Money on Credit Card InterestNerdWalletPlay from here Loop
12. 12You Don't Have to Pay Credit Card InterestNerdWalletPlay from here Loop
13. 13Pay Off High-Interest Credit Card Debt With A Balance Transfer | NerdWalletNerdWalletPlay from here Loop
14. 14How To Do A Balance Transfer With A Credit Card | NerdWalletNerdWalletPlay from here Loop
15. 15Debt Consolidation Loans Explained To Help Tackle Debt | NerdWalletNerdWalletPlay from here Loop
16. 16When To Get A Personal Loan (And When Not To!)NerdWalletPlay from here Loop
17. 17How To Avoid Deferred Interest Payments | NerdWalletNerdWalletPlay from here Loop
18. 18Are Buy Now Pay Later Loans a Good Idea?Two CentsPlay from here Loop
19. 19Buy Now, Pay Later: Are These Offers Worth It?NerdWalletPlay from here Loop
20. 20Talking to creditorsMoneyHelperPlay from here Loop
21. 21What if you’re already in arrears or are going to miss a paymentMoneyHelperPlay from here Loop
22. 22What is a debt adviser?MoneyHelperPlay from here Loop
23. 23How do I speak to a debt adviser?MoneyHelperPlay from here Loop
24. 24You won’t be judged when you talk to a debt adviserMoneyHelperPlay from here Loop
25. 25Reach out for debt advice, you’re not aloneMoneyHelperPlay from here Loop
26. 26What is the best way to negotiate a settlement with a debt collector? — consumerfinance.govcfpbvideoPlay from here Loop
27. 27How to spot a debt collection scam — consumerfinance.govcfpbvideoPlay from here Loop
28. 28How Bankruptcy WorksTwo CentsPlay from here Loop
29. 29Everything You Need To Know About Student LoansThe Financial DietPlay from here Loop
30. 30Money and Mental Health - first steps to get back on trackMoneyHelperPlay from here Loop
31. 31Gambling, debt and mental health – Andrew’s storyMoneyHelperPlay from here Loop
32. 32Bereavement, debt and mental health – Vicky’s storyMoneyHelperPlay from here Loop

What is the first step to getting out of debt?

List every debt with its balance, interest rate and minimum payment, and keep paying at least the minimums so things do not get worse. Then build a budget that frees up extra money, choose a payoff order, and stop adding new debt where you can. If you cannot cover the minimums, contact your lenders and a free debt adviser early.

How do I use RepeatWatch to make a payoff plan?

A–B loop the explanation of the snowball and avalanche methods until the difference is clear, and slow the interest videos to 0.75× while you check your own statements. Save the steps of your plan on keys 1–9, and replay the MoneyHelper videos before you call a lender.