John E. Pytte Nov. 10, 2017

Being in debt is like being in any other unfavorable situation. It starts with denial. Then, a wave of anger and feeling overwhelmed. The first step to getting on the road to recovery is acknowledging that you are in debt, and that the situation is ugly. You’re not alone; a whopping 80 percent of Americans are in debt. Even though there are many others in the same boat, it’s not a good place to be. Follow these steps to improve your financial situation and get out of debt.Debt ball and chain

1. Apply the Brakes

As far as your financial profile is concerned, you're skating downhill with no helmet toward the edge of a cliff. You may have initially started using credit to compensate for low income, but now it has become a nightmare! Perhaps your credit is suffering because you lack organizational skills. Maybe you lost a job, or fell ill during an inopportune time. Whatever happened, it left you in a bad place. If you want to get through this, you are going to have to put on your brakes. That means not using, or requesting more, credit until things are under control. If you continue to ask for credit, your score will plummet. If you rack up your bills, things will just keep getting worse. Help yourself by stopping, and then taking an assessment as instructed in the next step.

2. Order Your Credit Report

Ordering your credit report is one of the first things you'll want to do if you're trying to recover from bad credit. You can get a free copy if it's been a year since you last requested one, or if someone has denied credit to you within the last 60 days. Just ask, and you will receive a copy from whichever bureau you requested it from.

3. Edit Your Credit Report

Examine your credit report for errors; even small errors can cause many problems. Look for name variations, misspelled addresses, duplicate addresses, random phone numbers and so on. All of that information tells a story about you, and if you don't' want lenders to believe the story, you must have someone remove the inaccurate information. Unfamiliar accounts may be on your credit report as well. You can open a dispute if you see anything that looks unfamiliar to you, and the bureau will investigate it and give you a copy of their findings. Once you are done cleaning up your report as much as possible, you can advance to the next step.

4. Review Your Personal Finances

Since credit repair often involves repaying some of your debt, you're going to need to review your finances. Take your monthly income, deduct the monthly bills from it and see how much you have left over. Determine what amount you can pay each month, without leaving yourself no money week to week.

5. Call in the Specialists

Are you ready to get out of debt Savannah GA? If so, you can contact some credit repair and education experts. They are in their field to help you, not to hurt you. They will conduct a thorough assessment of your unique situation and then advise you of the options that you have that can work best for you. They will not try to force you do anything, but they will walk you through the suite of services that can help get you back on track. Give a call if you have any questions about bankruptcy, debt consolidation, debt settlement, foreclosure, taxes, debt forgiveness and the like. A solution does exist for you, but you have to be willing to let the experts assist you.