If you are like most people, you have multiple credit cards and possibly some personal loans, not to mention car notes and mortgages. If you want to get out of debt, follow this systematic method to becoming debt free. It may not be easy, but it does work.

There are many factors that you need to consider before borrowing from friends and family. First and foremost you need to discuss, with whoever you are borrowing from, your financial situation so they can make a decision whether or not to lend you money based on whether they are comfortable that you can repay them. There is no quicker way to lose friends or cause family strife than to get in a situation where you have borrowed money from them and cannot pay it back when they need it.