Post-holiday spending, rising prices in the housing market and credit card debt are some of the reasons behind high debt.
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"Blue Monday" rolls around every year on the third Monday in January.
John Nicholas' book 'Debt-Free ASAP' details ways all Americans can understand their debt, debunk common myths, and pay off debt faster to have more financial freedom.
Nicholas says the three Steps to Debt-Recovery Success are to assess your situation, review your options and create a plan with support.
He also says keep these reminders to stay motivated:
* Don't ignore or say "maybe later."
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* Don't be embarrassed.
* Don't be scammed or pressured.
* Do take action. Every step is a victory.
* Cultivate your mindset, spirit and vision!