Debt & credit · Module 21
Out of the
debt spiral
Getting out of debt is hard work – but with a plan it's almost always possible.
Step 1
Get an overview
List everythingamount and rate
The full picturehide nothing
Claritythe first step
Step 2
The most expensive first
Highest interestpay off first
Credit cardsusually the priciest
Savesthe most interest
Step 3
Tighten the budget & talk
Budgettighten for room
Talkto the creditors
Payment plansoften possible
Step 4
Get help
Debt counsellingneutral help
Restructuring planstep by step
Get it earlymore options
Good to know
Ready for the first step?
💡 First step: There's a clear way out of the debt spiral: get an overview, pay off the most expensive debts first, tighten the budget, talk to creditors and get help in time. The first step is the most important.
Beratung anfragenThis video is no substitute for personal advice.
Baeriswyl Beratungen GmbH · Finance & pension planning · Fribourg