I sometimes hope paying my debts can be as enjoyable as spending money. Fact is, it is always easier to reach for plastic than to reach for your wallet when bills start to arrive.

This may be the reason a lot of people end up incurring debts and not being able to pay them — thus sabotaging their credit history. It’s no longer a surprise nowadays but that doesn’t mean it is OK. The proper course of action must be taken before you get to the dead end.

Sadly, credit repair is not something that can be done in an instant. Even financial institutions offering consultation won’t help unless you yourself take proactive steps. It all starts with motivation. Here are some realistic ways on how a gradual yet effective credit repair scheme should go.

  • Acknowledge that you have problems dealing with your credit. This is the first step to take if you want to end your debt problems. Acknowledging your situation provides great motivation for you to take necessary steps to get out of it. Besides, if you won’t be realistic enough to accept your financial status, you would still be living beyond your means, thereby worsening your situation.
  • Know where your money is going. I’ve already heard of this advice a million times and taking heed is definitely not a waste of time. Jotting down all your expenses from your mortgage to that daily cappuccino would make you realize if you are a wise spender or not. From here, you would be able to see where you can start cutting off expenses so you get to save and eventually be able to pay your debts.
  • Prioritize your debts. Debts are easy to incur but cause you trouble and worries in the end. That is because you look at it that way. You are being irresponsible. Admit it or not, it is still you who lacked self-control when you spent that large chunk of money. Therefore, don’t expect anyone to pay it for you. What you can do now is just see the lighter side of your situation. Just look at the things you’ve bought for yourself using that plastic and the joy it once brought into your life. If this still doesn’t help, think of it this way — settling your debts would free you from stress and would eventually lead you to financial independence.

These are all self-help pieces of advice that you can start with as you work your way towards clearing all your debts. Of course, you need to have reliable means of paying them.

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