4 Dumbest Things to Do If You're Deep in Debt


Getting into debt is easy. It's getting out of debt that's the tricky part.

Unfortunately, many people who would like to eliminate their debt shoot themselves in the foot by making bone-headed mistakes that actually compound their debt problems.

Here are the four dumbest things you can do if you're already deep in debt:

1. Keep spending recklessly.

You'd be surprised at the number of people with credit card bills up to their eyeballs who nevertheless keep on spending carelessly. Some are shopaholics who need help ending their shopping addictions. Others need to learn to budget – or haven't even bothered trying.