FACE THE TRUTH
“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