Is This Why Your Debt Clearance Strategy Isn't Working? ...

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There are several reasons why your debt clearance strategy isn't working.

If you open your mail and see a mountain of debt, you might commit to paying down your balance.

But getting out of debt is much easier said than done.2

It might have only taken a few weeks to get into debt, but it can take years to repay creditors.

Here are seven reasons why your debt clearance strategy isn't working.

1. No Emergency Cash

You can have every intention of paying off debt, but if you don't have an emergency fund, this is one of the reasons why your debt clearance strategy isn't working.

Unexpected expenses are going to arise โ€“ there's no way around this.

And if you don't have a cash cushion, one emergency will send you back into debt.

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