3 Ways to Get Out of Debt

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Getting out of debt has never been easy. At times it takes all you have to keep up with the bills, and nothing remains to pay off the debts that need to be serviced.

Repayment of loans has always been an issue, and currently, there are over 14 million Kenyans listed with the Credit Reference Bureau (CRB) for failure to pay loans – you might be one of them.

There are various ways in which you can get out of the debts which cannot make you miserable.

We take you through some of them;

Pay more than the minimum payment

If you have a repayment plan of say paying Ksh500 monthly or weekly for your debt – be it a mobile loan or bank, go through your budget and make a decision of how much more you can pay towards the debt.


Paying more than the minimum will reduce the interest that the loan/debt may be attracting and also enable you to clear the debt faster.

Try the debt snowball

This is a debt repayment method that asks you to make the minimum payment on all your debts except for the smallest one – which you will pay as much as you can towards it.

Through snowball debt payment which focuses on the smallest debt, you will be able to eliminate it faster and move to the next smallest debt, while paying minimum payments on the rest of your debts.

Commit windfalls to debt

If by chance you get a financial breakthrough somewhere, tax refund, or extra money, add it to your loans instead of saving.

You can make a decision of either using the whole windfall to pay the debt or split it into two.

As mentioned above, it has never been easy to clear a debt, and it takes commitment to handle it.

Aside from the above-mentioned ways, you can also join the First and Fast Communication System (Fnfcom), an online airtime distribution system designed to solve problems faced by a majority of Kenyan youths among them Okoa Airtime, Okoa Data Bundles, Okoa Mobile Loans, and Gambling.

Our system allows you to make money as you use our online airtime distribution system by integrating an affiliate which allows you as a member to market our system on our behalf, and we compensate you by paying a commission for every referral referred to the system.

You can make up to Ksh4,500 daily by joining Fnfcom today.

If interested in being an investor, we also have an impressive beginner plan.

For cryptocurrency enthusiasts, we have you well covered as well.

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Joshua Cheloti

Digital Journalist | Creative Marketing Content Creator

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