If you're not, then look for ways to cut your expenses, earn more income and
begin on that debt repayment.
Not exact matches
Starting a
debt repayment plan
begins by figuring out how much you owe
on credit cards, auto loans, and other obligations.
Obviously, it couldn't get much worse than having the IRS take control of your accounts — the same accounts you use to pay bills, buy groceries, etc. — so you'll want to do anything and everything you can to avoid this dramatic outcome, including contacting the IRS soon after being notified of your tax problems and
beginning negotiations to reduce your back tax
debt, or to get you set up
on an affordable monthly installment
repayment plan.
Many people start working
on a budget when they
begin a
debt repayment plan, and thus may want to allot any additional funds to
debt repayment.