Tough Love: No Excuse Strategies for Getting Out of Debt and Improving Credit

Join our weekly #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m. ET.  This week, we discussed ways to change our mentality toward debt and credit to help us achieve our goals. The panel included: Jacquette Timmons: Financial Behaviorist and author of Financial Intimacy; Shannon McNay: Writer for Student Loan HeroRod Griffin: Director of Public Education at Experian and Mike Delgado: Director of Social Media at Experian.

We’re also featuring financial tips all week on Snapchat.

Questions We Discussed:

  • Q1: What common excuses keep from getting out of debt and improving their credit?
  • Q2: Is it possible to live a life without debt? If so, how?
  • Q3: How does debt affect your credit score?
  • Q4: Are debt and credit the same thing?
  • Q5: What are practical steps to take to get out of debt?
  • Q6: What should someone do if they are lacking the income that would enable them to escape their debt?
  • Q7: What should someone do if they are lacking the financial literacy to enable them to get out of debt?
  • Q8: How can someone who has escaped debt, stop from going back into debt?
  • Q9: What should someone do if they feel completely out of control with their spending and debt?
  • Q10: Any final tips for someone trying to escape debt?

View the Complete Discussion on Storify:

If you’ve never heard about #CreditChat, here is a brief overview:

Relevant chats on YouTube: