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How to Get Out of Debt: Practical Strategies to Clean Your Name

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Learn how to get out of debt in an organized and efficient way. Check out practical strategies to renegotiate, pay off your debts, and recover your credit reputation.

How to Get Out of Debt: Practical and Organized Strategies

📌 Introduction

Being in debt is a common reality for millions of Brazilians. Whether due to unexpected events, unemployment, or poor financial management, the result is the same: anxiety, worry, and the desire to clear your name as soon as possible.

The good news is that it’s possible to get out of debt with planning and discipline.
In this article, you will learn:

  • How to diagnose your current financial situation

  • Practical strategies to organize and negotiate your debts

  • Tips to regain control over your money

  • How to avoid new debts in the future

🔍 Understand Your Financial Situation

Before anything else, you need to have clarity about the size of the problem. To do that:

📋 1. List All Your Debts

Write down the total amount, creditor’s name, interest rates, and current status (late, active, installment plan).

📊 2. Add Up Everything You Owe

Sum the total value of all debts to understand your real indebtedness.

💰 3. Compare with Your Income

Analyze how much you earn monthly and how much you can allocate to paying debts without compromising basic expenses.

🛠️ Practical Strategies to Get Out of Debt

1. Renegotiate with Creditors

  • Contact creditors directly

  • Ask for special payment or installment conditions

  • Take advantage of negotiation campaigns like Serasa Limpa Nome and Desenrola Brasil

  • Prioritize debts with higher interest rates

📌 Tip: Many companies prefer receiving a smaller amount than nothing at all. Negotiation is totally possible.

2. Create a Payment Plan

Develop a realistic schedule to pay off your debts. Example:

Month Priority Debt Amount to Pay
May Credit Card R$ 600
June Payroll Loan R$ 400
July Appliance Store Debt R$ 300

Use the snowball method (pay smallest debts first) or avalanche method (prioritize highest interest debts).

3. Temporarily Cut Non-Essential Expenses

To get out of debt faster, short-term sacrifices are essential:

  • Avoid delivery, expensive outings, and impulse purchases

  • Reduce streaming subscriptions and phone plans

  • Save on utilities and transportation

Every saved real should go towards paying off your debt.

4. Generate Extra Income

If possible, complement your income with activities like:

  • Selling used items

  • Freelancing

  • Offering small neighborhood services

  • Making sweets, meals, or crafts

Use 100% of extra income to reduce debts.

5. Avoid Taking New Debts

Pay everything in cash while recovering. Avoid installments, credit card purchases, and financing.

📌 Important: Canceling or putting away your credit card may be necessary during this period.

💳 How to Clean Your Credit Name

If your name is already blacklisted, you can:

✅ Check your situation on Serasa, SPC, or Boa Vista
Visit the sites to see where and how long your name is registered.

🤝 Join Debt Negotiation Campaigns
Take advantage of campaigns offering discounts and easy installments, like:

  • Serasa Limpa Nome

  • Desenrola Brasil

  • Acordo Certo

📄 Paid and negotiated? Keep the receipts!
After payment, your name must be removed from negative registries within 5 business days.
If not, contact Procon or file a complaint at Banco Central or Consumidor.gov.br.

📈 Real Example: Debt Reduced by Negotiation

💬 “I owed R$ 3,200 on my credit card. At the Serasa negotiation event, I settled for R$ 950 cash. Within 5 days, my name was cleared from SPC.” — João S., São Paulo (SP)

🧠 How to Avoid New Debts in the Future

After cleaning your name, stay organized with these tips:

  • Create a monthly personal budget

  • Have an emergency fund (3 to 6 months of expenses)

  • Use credit cards with a conscious limit

  • Record all expenses to keep control

  • Study basic financial education

✅ Conclusion

Getting out of debt requires focus, discipline, and action. The sooner you face your situation, the faster you recover your financial health.

Remember: you are not alone, and there is a solution for every debt. The first step is to act with clarity and responsibility.