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Debt Reduction: How to get out of debt


This is Money | Guides | How to get out of debt

Check out this ten step guide for getting out of debt from thisismoney.co.uk

Sit down and work out how exactly how much you owe and who you owe it to. Be honest or you'll only store up more problems for the future. The Consumer Credit Counselling Service (CCCS) warns that if your debt repayments take more than 20% of your net monthly income you are entering a danger zone and must take steps to cut back.
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