Not everyone needs to hire a company to get out of debt. If you’re motivated and organized, there are powerful DIY strategies that can help you make progress — without additional fees or long-term contracts.

1. Track Your Spending
Understanding where your money is going is the first step to changing your habits. Use your bank statements, credit card bills, and payment apps to review every expense.
Pro Tip: Identify and cut recurring charges, unnecessary subscriptions, or overspending on non-essentials.

2. Use Budgeting Tools or Apps
There are dozens of apps (like Mint, YNAB, and EveryDollar) that can help you automate and track your budget. Many let you set debt payoff goals and visualize progress.

3. Refinance High-Interest Debt
If you own a home, refinancing your mortgage might lower your monthly payment or reduce your interest rate. This can free up cash to apply toward other debts.
You’re a good candidate for refinancing if:

Your home value is higher than what you owe
Your credit score has improved
Current mortgage rates are lower than what you’re paying

4. Negotiate With Creditors
Many credit card companies offer hardship programs, reduced rates, or lump-sum settlement options — especially if you’re honest about your situation.
Steps to Try:

Ask for a lower interest rate or minimum payment
Explain if you’re considering bankruptcy
Get any agreements in writing
Avoid linking your bank account — use cashier’s checks if settling

5. Know Your Rights With Collectors
Debt collectors must follow specific laws under the Fair Debt Collection Practices Act (FDCPA). You can request they stop contacting you, validate the debt, or negotiate a settlement.
Always:

Request proof of the debt
Check if the statute of limitations has passed
Avoid verbal agreements — get everything in writing

6. Avoid Common Mistakes
Don’t prioritize credit card debt over keeping your car or home
Avoid title loans or payday loans
Never sign blank documents
Don’t borrow from retirement unless it’s a last resort

Final Thoughts:
Tackling debt on your own is absolutely possible — and for many people, it’s the most empowering route. Start small, stay consistent, and don’t hesitate to seek guidance if you hit a roadblock. Financial freedom is a journey, not a quick fix.