Debt has a horrible way of sneaking up on you. While there are plenty of things you can do to escape its clutches, there are some tempting “fixes” you must avoid at all costs.

Source – Unsplash – Anh Nguyen

To ensure you don’t inadvertently make things worse while trying to make them better, steer clear of the following five mistakes people make when they get into debt:

1. Payday Loan Panicking

When you panic, you don’t tend to think any further ahead than the moment you are in. This can lead you to act in ways that aren’t healthy for your future self.…