The best way to get out of debt is to not get into debt in the first place. People always talk about “good debt” and “bad debt”. There is no such thing as good debt. There is, however, a distinction between acceptable and unacceptable debt.
Use the strategies and money management tips in this section, Down with Debt, to help you control and reduce your debt. If you or a loved one is considering bankruptcy, review this section to compare the benefits and drawbacks.