What are good ways to get out of debt?
404754
You pay off one bill at a time starting with the one that has the highest interest rate.  Pay minimun on the other bills and try to pay at least double (or more if you can afford it) on the bill you are trying to pay off.  When it is paid, move on the the next highest interest rate, etc.  \n\nIf you have a lot of credit cards, decide which one you really want to keep.  The rest, as you pay off, cut them up, mail them back to the credit card company asking them to permanently close your account (otherwise, it stays as "open" on your credit rating and, even if not used, counts as available money which can prevent you from getting other loans).  Ask the company to mail you confirmation that the account has been closed.
20158
1> Cut up all the credit cards!\n2> Review all your bills.  Pay mortgage / rent first. Then pay down the stuff with the highest interest rates.\n3> Sell off stuff you don't need or use.  Ebay or Craigslist.com
420420
It's Simple...\nStart paying on your bills\nGet your bills consolidated\nFind information on controlling your debt.\n\n        Good Luck!
518337
First, cancel your debt consolidation contract (if you can).  Many of these companies will simply let your accounts lapse just so they can try to settle the debt.  \n\nSecond, get out of debt yourself.  Otherwise, you've never changed your behavior which got you in debt in the first place.\n\nFinally, go buy a book called 'Total Money Makeover'.  This book will teach you how to eliminate your debt.  You can also consider a class (taught by the same person that wrote the book) called 'Financial Peace University' (see www.daveramsey.com).  My wife and I took this class in 2004 and are now debt free (except our house).  The average family taking this 13 course pays off $5,800 and savings $1,200.  \n\nContact me if you want specific help.  My wife and I now teach this class and have seen many people eliminate a ton of debt.  \n\nScott.....
1179792
1.Focus on paying off the loan/creditcard that bears the highest combined interest rate and balance owed.  If possible, pay more than the required minimum each month(as Gabriel suggested) even if it's only $10 or $20 extra.\n2.Pay minimums on all other accounts(so you can afford to live while attacking the anchor-debt above that is pulling you down).\n3.Re-fi anything you can to lower payments, giving you more monthly cash to knock down the debt mentioned above. (i.e. car loan, etc.)\n4.Split rent with a friend for a short period of time (6 months to a year) until you get some breathing room in your financial life.\n5.Do a no-cost trade with your gas guzzler down to something that gets 30+mpg(nothing is going to change in the oil market in the near future).\n6.Forego your morning Starbuck's and only drink from the corporate coffee pot.\n7.Spend half your savings on #6 each day on the lotto.(you never know; your problems could be over in an instant).
1028618
Pay what you owe and then don't go back.  That's the only way out.
522342
Ok this might be hard...\n\n1. Cancel all your credit cards but one.\n2. Don't eat out - cook at home. It's healthier too.\n3. Drink water instead of colas - trust me every penny will count.\n4. Walk instead of using the car/cab when you can. It'll keep you fit and rich!\n5. Don't buy any hobby related things for a year at least (like dvds, vcds, and stuff).\n6. Do your nails and hair at home.\n7. Rent movies instead of watching them on the big screen.\n\nThe list can go on but you get my drift. It will be hard but you'll be amazed how much you'll save. Good luck!
450180
Don't get into debt to begin with!!  But if you already have, then the main thing is to pay more than the minimum required by the credit cards, etc.  That's the #1 way to pay off the debts quicker and to pay less interest. Even if you have to get another job. And this philosophy go's for any age! Good luck!!
734054
Simply pay the bills no strings attached. Have no money, sell what you purchased, if you purchased junk then get a second job and stop buying junk with money you do not have.
213899
Loans are not always the best way to get away... increase your income or decrease your spending. If you have employment and a savings or bank account... payday loans are sometimes helpful.
61777
Seek out consumer credit counseling through a non-profit debt counseling service.  Here is an example.\n\nhttp://www.cccsintl.org/\n\nBe sure to go to a non-profit.  I did years ago and they helped me.  I only had to pay a few dollars a month for postage, because they mailed my payments.  They will be able to negotiate settlement / payment terms with your credit card company. credit and your life back in control. \n\nGetting the cards under control is only half the battle. You have to get control over your budget.\nOnce you have your expense and debt under control you'll craft a plan to service your debt. One more thing I did, and it was no fun, was to get a second job.  Think of it as a short term way to pay your debt faster.\n\nIn the end you'll have good credit and you'll be proud that you did it. \n\nGood luck!
478036
Living your current life has, presumably, put you into debt. I don't think anyone can promise you a method to get you out of debt without your making changes.\n\nThings that you can do include:\n- spending less, even if you still go out\n- making more than minimum payments on credit cards; pay more than you've charged for the month plus the interest due\n- negotiate for lower interest rates on credit cards\n- don't charge things on credit cards\n- start saving money so that you have resources should the unexpected occur\n\nYour public library should have books that help you gain control of your finances. In addition, I'm sure there are several online sites.\n\nDon't expect things to be easy, or a quick fix. But with a little planning, you can start gaining your financial independence.
49869
The best things you can do are re-establish and re-affirm.  Meaning, no more late payments or going over balances from now on.\n\nMake sure you don't have too many credit cards with high available balances.  There really isn't much need to keep more than 4.  Keep the two oldest cards you have (long account history is a good thing), and then keep the one with the best rate.  (If you *must* keep a forth, just pick one).\n\nMake sure your balances owed are less than 40%'ish of the balance.  If your card has a $10,000 limit, try to keep your balance under $4,000.\n\nIf you are over the balance on any cards, rectify that as soon as possible.\n\nIf you are rebuilding from square one, you two best bets for a fresh start are local jewelry or furniture stores that carry their own paper (handle their own credit accounts), and secured credit cards.\n\nLots of small or local jewelry/furniture stores can offer small credit accounts.  Only use this if you are buying something that you have the cash to pay for (ie: a toaster, a chair, etc).  Establish a credit account, and pay off the balance as soon s you get the bill.   *Do not close the account*.  Letting it stay open with no negative activity is a good thing, especially for new beginners.\n\nSecured credit cards are low limit credit cards offered by most financial institutions, where you give the bank a deposit of x, and they give you a credit card with a limit equal to (or in some cases, slightly higher) than your deposit.  IE: You give them $500 on deposit, they give you a credit card with a $500 limit.  As time goes on, (and your credit improves) you may get a higher limit, or they may offer to convert your card and give you your deposit back.  Secured accounts aren't treated any different than regular credit accounts.\n\nPolicing your spending habits (don't buy things you can't pay for), making your payments on time, and letting time take its course will help rebuild your credit.
1116198
If you owe more than what you can comfortably afford to pay out than you have a few alternatives.  One (which I do not recommend) is bankruptcy.  Two a part-time job.  Three credit helpers (which I also do not recommend).  Four call your creditors and explain your situation ask them if they have a hardship program and what do you need to do to get enrolled in it.  Than look at your smallest balance and sacrifice to pay it off as quickly as possible.  This will mean the money you used to spend on that bill can go to someone else.  if you keep doing this you will be surprised how quick you can get out of debt.  Think about what is your ultimate goal her and than go from there.  Make sure that whatever got you into this trouble in the first place is something you have conquered.  The last thing you want to do is struggle to get out of debt and find yourself right back in it because you haven't learned anything.
11816
You must do it in baby steps:\n\n1. Get on a written budget. Have a baby emergency fund of $1000 in a simple savings account that you can get it quickly, if need be.\n\n2. Do your debt snowball- List all of your debts in order of what you owe least to the largest amount.  Pay off your smallest debt first putting as much as you can towards it while still continuing to pay the minimums on the rest.  When that debt is paid off, simply add that amount on to the next debt that is in line and keep going. You won't believe how fast it works when you get going with it. Sell something if you have to, but get going.\n CUT UP all of your credit cards if you have any and never do them again! Forget about the interest rates, you need positive momentum to get you going and to keep you going! it really works, did for me and many others.\nPay off all debt except for the house mortgage.\n 3. Finish your emergency fund with at least 3 to 6 months worth of expenses in it.\nThis info will get you going.  Alot of people take an extra part time job just temporarily while doing their debt snowball.  there are more steps to financial peace.  Please check out daveramsey.com, he has classes in alot of areas, and a great website and daily radio show!
85618
Borrowing money to repair credit doesn't seem like a very good idea to me.  Unless you can get a lower rate than you currently have with outstanding loans you should try the tried and true method of controlling your spending and paying off current bills / loans.\n\nThe idea that only a quick infusion of cash is the only way out is what traps many people in the cycle of debt that keeps them from becomming financially independent.  Try not to spend more than you have and work on paying down your debt.
388631
Consolodate your debt. (get a loan to pay off all your debts) Arrange this with a financial advisor dont try do it yourself, they will get you the best interest rate. Arrange a longer period to pay this off. Cut up any store or credit cards. Budget and always ask yourself before buying anything "do I really need this", "will i be using it in a few months time" "why do i want it". This does help you re-evaluate your spending.