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Need to pull up your credit score? Worried about how to increase it and be eligible for loans at low interest rate? Check out the 5 C's of credit repair process in this infographic.

Being overwhelmed with debt is not good. In the present economic crisis, people should establish their life with financial security. The first thing to do in order to achieve the same is by making yourself free from credit card debt.

Everybody wants to get rid of debt and lead a stress free life. However, there is no short cut way to get out of the vicious cycle of debt. It'll take a long time, patience and dedication for you to become free from all your financial obligations.

Everybody has a dream to buy a car or a home. Most of the time this dream doesn't come true because of huge debt obligations people have to deal with. For that reason, debtors need to be aware and find out ways to stay out of debt and lead a financially stable life.

Tips to stay out of debt

Paying off your debt may require you to make some tough decisions. One of the hardest decisions you might have to make is to sacrifice your credit score for the sake of getting out of debt. Before you choose a debt relief option, consider how it will affect your credit score. Some options hurt your credit score more than others and that credit score impact may weigh into your decision. Three solutions that are often compared to each other are debt settlement, bankruptcy, and paying on your own.

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The situation before and after job loss, is very stressful. This can put a financial stress on you and your family. While you're looking for a new job, it's important to develop a strategy for dealing with your credit card bills. If you have recently lost your job or you think there may be any recent layoff, it's important to have a plan in place to prevent your financial situation crumbling under this pressure.

Handling your credit cards efficiently