Finweek English Edition - - MONEY -

“Col­lect all your fi­nan­cial doc­u­ments and print out your credit re­ports to see ex­actly where you stand,” says Mwan­di­ambira. “This is an im­por­tant step to­wards debt re­cov­ery and one that peo­ple are of­ten scared to take.”

Once you’ve done this, ac­cept your role in your sit­u­a­tion and start look­ing to­wards a debt-free fu­ture.

Bruce Flem­ing, CFP and 2014 FPI Fi­nan­cial Plan­ner of the Year Sec­ond Run­ner Up, agrees. “Too of­ten we are in de­nial when it comes to our debt lev­els. We are vaguely aware of the debt cri­sis we may be in, but don’t want to ac­knowl­edge it. The first step is to ac­knowl­edge the debt, un­der­stand the per­cent­age of your salary you are pay­ing away to debt and

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