Many people get credit during their life time for some reason, they must also learn to get out of this debt trap. The credit at low interest rate for real estate purpose is considered to be good debt because it becomes a solid asset in future. A short term credit with higher interest rate is also called as a good debt when it gives higher returns on investment.
Don’t go for high interest rate and short term credits like a car loan, credit card loan etc. If you have different types of debt, first, focus on paying off the debt for higher interest loans and allocate a limited amount to the other loans. Then when that debt is cleared, start repaying the next higher one. Follow this way to get control of your credit. For managing the debt you should have a plan.
A good plan can be devised by taking the advice of a credit counseling agency. They help in lowering the interest rates and extending the term of loan by negotiating with the creditors.