Accidents, emergencies, and other unforeseen circumstances can lead to financial stress. If you find yourself struggling financially, borrowing money might be a good short term solution. However for long term financial issues, a short term loan is only a quick fix, like a bandage for a broken arm. If you find yourself trapped in the cycle of debt, there are a few ways to get out. Below are some helpful strategies to help you avoid this debt cycle: Seek financial counseling from a professional financial counselor or even a friend or family member who knows how to handle their finances.