Building your future

How can I reduce my debt?

If you are in debt, you are not alone. Most survivors of domestic abuse experience financial abuse and have debt as a direct result. Debt can feel crippling, even suffocating at times, but it is possible to eliminate your debt over time with a well thought-out plan. The following are actions you can take to learn about, manage, and reduce your debt.

Managing debt

To learn more about how to reduce your debt, we recommend viewing the Allstate Foundation’s online course Saving for the Future and Managing Debt. This course is part of the Allstate Foundation’s Moving Ahead Curriculum, an educational resource designed to help survivors achieve financial independence and rebuild their lives. Topics in this course include:

  • Determining your assets, resources, and liabilities
  • Payment strategies for reducing debt
  • Making ends meet

Another resource available to you is the FreeFrom webinar, “Strategies to Manage your Debt,” which covers similar topics covered in the Allstate Foundation’s course, in video format. Click on the following link for the video.

Need more support?

If you have immediate money concerns, we recommend reading our module “What cash assistance is available?” Cash assistance programs can help you reduce your monthly costs, ensure that basic needs like food and housing are met, and provide an alternative to taking on more debt. 

Also, consider finding a financial counselor in your area to help you create a personalized debt management plan. To learn more about financial counseling, view our module “Where can I get free financial advice?”

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