Annaline van der Poel, COO of Debt Rescue, offers 3 tips on how to get out of personal debt:
This is the best way of knowing what our true financial situation is and where opportunities are to make some changes.
2. Use your credit card for emergencies only
This may be our biggest problem, since it is so accessible, however, don’t use your available credit on items you cannot afford.
3. Try to pay off high-interest accounts first
Try to get your high-interest accounts under control as soon as possible e.g. personal loans and other credit cards
Listen to the full radio interview below.