Getting out of debt

You may find yourself in debt for a variety of reasons. Debt can accrue so slowly that you may not even notice it. On the other hand, the situation may also deteriorate abruptly.

In many cases, over-indebtedness is not solely attributable to the person’s own activities. For example, changes in the life situation, such as unemployment, bankruptcy, divorce or illness, will inevitably affect the person’s income and expenses.

Remember that there are always ways to get out of debt. Learn more about personal finance tools that help you move forward from the page Financial self-help.

Published 16.5.2022