I’ve just read the blog post on www.thesimpledollar.com on how to get out of debt….and while I agree with many of their points, most don’t apply if you are really poor and don’t even have a credit card and you never had a bank account. There are a few points though I strongly agree with:
- Keep your promises!
- Try to arrange better terms.
These two points are what is really important in dealing with your debt. In order to achieve these two, you need to do most of the other points on any “x ways to get out of debt” list online! So check out the link above, and google for many other ways, but essentially it boils down to this. You need to show that you can be trusted. Therefore you need to keep your promises.
And if it is difficult to keep your promises then make small promises, such as paying 50,- off every month. Then do it! Sooner or later anyone you owe money to will accept this payment plan of yours!