Most of us aren’t excited about the idea of going into the red to make ends meet, but it happens. The only real mistake is taking out credit without a game plan, which too often leads to long-term debt that becomes an emotional albatross. Should you need to take on debt, here are five pointers to make sure that you come out in one piece.

1. Ask: Why Am I Taking on Debt?

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2. Get Your Credit Report into Shape

3. Find Low-Cost Ways to Borrow

BankrateWhether the emotional strain of being in your friend or family’s debt is worth

4. Have a Plan to Get Debt-Free Again.

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5. Take Advantage of COVID Relief Programs

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