Article: The 5 Secrets To Getting Out Of Debt Fast
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The 5 Secrets To Getting Out Of Debt Fast
As they stare down at a teetering pile of bills, so many consumers wonder how they racked up such a large debt. The answer boils down to simple mathematics.
?On a basic, fundamental level, the problem is created by spending more than you make,? says Brad Stroh, co-CEO of the San Mateo, California-based Freedom Financial Network, LLC, a company that specializes in debt resolution services.
The reasons for doing so, he notes, are varied:
? Spending addictions
? Lack of budgeting (mistaking the amount of money coming in and going out)
? Loss of income (reduced hours, layoffs, forced to leave the workforce)
? Increased costs (health-related expenses, fuel and other basic living expenses)
? A personal hardship (divorce, ...
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