Things happen

Sometimes, even despite all your efforts, things happen. Debt can happen, be it because of medical bills for pets, or just bad planning. If you are deep in debt, have you ever thought about using debt consolidation programs or loans? It is very important to learn all the facts first before you do something. Home equity loans can bring tax breaks, but it also puts your home on the line. If you don't curb your spending there is a great risk in doing a home equity loan. There may be other loans you could get to consolidate at a lower rate, without a tax break, but at least your home isn't on the line. Bankruptcy should only be considered as a last resort, although there are times when it makes sense (like the woman who was 150,000 in credit and loan debt!). Overall, the best way to get out of debt is to stop going into debt in the first place!