How to Reduce Your Debts ???
Here's what you need to do :
1. Make a list of all your debts, including the interest rates charged.
2. Work out the maximum that you can reasonably afford to pay towards you debts each month, setting aside as much as possible to the debts, starting with the highest interest rate then working down to the lowest.
3. Try to restructure some of your loans and repay some of higher interest debts, especially credit cards, with cheaper loans like housing loans.
4. Stop using credit cards or purchasing any item on installment basis. Pay cash only.
5. If you cannot afford to pay cash for the purchased, forget about it.
6. Stick closely to your plan no matter what happens. Accept no excuses.
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