Firstly, being in debt is nothing to be ashamed for, but it is something you should never ignore. Many people are in debt and it is important that it gets paid and noticed. It's so easy to get into debt these days with everything from university, store cards, car loans and more. It can be difficult to get out of because of charges etc, but it's well worth a little struggle to get out of instead of ignoring it.

If you are really struggling to pay off your debt, Creditfix is a company who could help pay your debt. You can find out more information here. I've listed a few of my top tips that may help you pay off your debts:

1. Work out income and outgoings
Firstly, you will need to write down all your bills going out and what's coming in. This will help you sort out how much money you are left with at the end of the month. By knowing how much money is left over, you can then work out from there how much of the debt you can afford to pay each month.

2. List your debts
Secondly, list your debts down. This is for you to know how much needs paying on a weekly/monthly basis. If the amount equals to more than what you have left over at the end of the month, after paying your bills, phone the company up and see what they can do to help lower your debt monthly amount.

3. Pay off the most expensive
Thirdly, after listing all your debts, you will see which ones are the highest and it's advisable to make sure you pay off the most expensive debt first. This will eventually be easier to pay off the smaller debts in the long run.

4. Pay extra when possible
Next, you will need to properly budget your money and whenever you get any bonuses - make sure you put it towards your debt. It's not a nice feeling seeing your money go just like that, towards a debt, but you will feel ten times better once the debts are finally paid off. 

5. Set up a direct debit
It's so important to make sure you don't add any extra on top of your debt. To make sure you don't get charged, be sure to pay your minimum monthly amount by the correct date each month. This will help reduce the extra late payment charges and other extra charges on top.

Have you ever been in debt?

How did you clear them off?

* This is a collaborative post.

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