| By :
Molly Wider
Are you addicted to debt? Can you just not say "no" to spending, and snap up every new bauble that attracts your eye? If you feel like your spending is spinning out of control, you may need some heavy-duty withdrawal tactics to get your life back on the straight and narrow. Eliminate credit and debit cards Using plastic for purchases can give the illusion that you have more money than you really do. After all, plastic never wears out. Carrying real green makes the end of the money train a very real experience. When it's gone, your spending is done. So, get rid of all your plastic, and start using cash to pay for all your purchases and bills. Admit your debt load One of the ways we fool ourselves into believing that our financial situation "isn't all that bad" is by straight denial. We just don't check-until the debt collector's knocking at the door-and even then. So, pull out every bill you have stuffed away and ignored. Include your mortgage or rent, in-store credit lines, bank lines of credit, regular monthly bills like the utilities-you name it. Add those debts up to see just how much money you owe. Oh-and don't forget mom and dad, friends, or other relations you owe money to. Consider consolidating your debt One of the biggest problems with debts is that there can be so many of them. That makes them hard to track, and can leave you overwhelmed. Which one do you pay? And that can lead to just giving up on paying anything. Consolidating your debts-even if the monthly payment seems big when you do-can help you get your debts under control. Knowing the amount you have to pay out each month to service that debt may also help you curb your spending urges, too. Consider your assets It may seem foolish to think about mortgaging an asset to pay off debts, but sometimes this is a good way to get back on track. Even if it costs you a bit more, in the long run, using assets to pay off debt can be a good choice. And, it's an especially good choice if you're up against the wall on your credit cards, have stopped paying your bills, or are thinking about bankruptcy. Consider a vehicle title loan If you have bad credit, own your vehicle, and it's less than eight years old, you may be eligible for a car title loan. It's an easy application you make online, and can be approved in less than 24 hours. You could qualify for as much as 40% of the wholesale value of your vehicle. And that cash can go a long way to bailing you out of financial trouble. Apply today, and your loan could be direct deposited into your account by tomorrow. You can withdraw that cash and pay off a lot of debts by tomorrow night. And get your life back on the straight and narrow.
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