When it comes to getting into debt, there are always a few expenses that can’t be avoided. Whether it’s the mortgage on your home or student loans from graduate school, a certain amount of debt is a part of most people’s lives. However, there are some forms of debt that are totally avoidable.

Here are the top 10 dumbest ways to get in over your head with debt, and the best ways to avoid them.

1.) Cash advances on credit cards

Most credit card cash advances carry an upfront fee and a higher interest rate than other charges on your credit card, according to Dan Wegner, a certified credit counselor in Phoenix, Ariz.

Interest starts accumulating from the second you borrow the money, Wegner said, and most credit card companies require that customers pay down the balance on their credit card purchases before they’re even allowed to pay off the cash advances.

The solution: Use a credit card or an ATM. Credit card interest won’t accumulate for a month, and an ATM is free. If you’re not near your bank’s ATM, it’s better to use a renegade ATM and pay a usage fee than to use your credit card to get cash.
Top 10 Dumbest Ways to Go into Debt

http://www.foxbusiness.com/story/personal-finance/on-topic/dumbest-ways-debt/