How do i get out od debt before the year is over?
405556
Take all your debt and put them in order from the smallest balance first to the biggest balance last. Add up all the minimum payments you need to make to find out your minimum monthly obligation. Figure out how much more you can pay every month and add that to your first account. Pay in this way until account one is clear then take the money you were paying for account one and apply to account 2 along with its monthly payment and so on and so on. This will get more accounts paid off faster while giving you a steady bill to work with. The more you pay extra the faster it goes so a second income might not be a bad idea. Good Luck !
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!
695746
Don't panic. You need to deal with this problem like all problems in life with calm and confidence.\n\nIf your income is less than your expenses there is no way you can get out of debt. So, first step.  Is it possible to cut down your expenses? Evaluate the following  home rent, expenses for cable tv, internet connection, mobile phone, long distance telephone provider  and other utilities- do they all cost the lowest rate possible. \n\nIf not shop around and get the best deals. If you call only one or two people frequently then switch to some connections like friends and family which give you the lowest rates for 2-3 phone numbers you choose. Cut down on things you never use or which can be postponed. If you don't use your internet connection - get it disconnected. You don't need the cable connection - get it cut too. Till you are firmly back on your feet you may have cut out some luxuries. \n\nCall up your credit card company and ask them if they will lower your credit card interest rate. As you have good record of paying on time they will surely consider your request. A lower interest rate is like getting a cash back. For example on your debt of 18,000 dollars at 20 percent interest you will be paying 3600 dollars per annum in interest alone. Cutting down the interest rate to 10 percent can bring down your interest to 1800 dollars. That means you save 1800 dollars in interest which you can use to pay your principal. If you promise to pay on time they may even waive your late fees. So, make that call to your credit card company. If you have more than one card then transfer your debt to the lowest interest card, that should also save lot of cash.\n\nCan you get another job? That should help you go a long way in cutting down your debt. If you daughter can pitch in by earning a few extra dollars through some baby sitting or cleaning neighbors yards that should help too. Many such jobs will be posted at the local supermarket. \n\nIs it possible to get a raise at your current job? If not try to find a job that will pay you more. Most important don't lose your confidence. You have done a fine job till now with a little help you would definetly do better.\n\n You should also go to debt counselors who will give you more advice on how to tackle your debt with the income you have.\n\nBest of luck.
830385
You DON'T need to get another loan.  You can't keep going on like that, and the more loans you get, the worse it is going to be when you hit bottom.  It is time to stop the cycle.  \n\nI would be happy to share with you some of my knowledge of how to get out of this cycle.  If you want help (no charge), e-mail me.  I can help you get out of debt.  I will tell you this, the very first step in getting out of debt is NOT TO GET INTO MORE DEBT.  \n\nI've been through a lot of bad financial times myself, so I wish you nothing but the best.
572931
There are debt consolidation companies that will help you out. Also, you can apply for a debt consolidation loan from your own bank.
1124581
Suck it up and pay them off.  You'll have to do without some luxuries for a little while but the only way to get around them is to pay them and not go back for another.
774251
CarCraze --- you are wrong, sorry to say\n\nWhat you have there, my dear, is a bona fide Court Order for you to appear in court to answer to a Motion to Collect a Debt. If it is on Court paper and has a case number, call the Court to confirm the Docket Number, and find out when the hearing date is.\n\n\nYES, they do have that power.\n\nYES, That is the equivalent of a Subpoena.\n\nIf you "just let it ride", as you say, don't be surprised when you open up your paycheck and you find a good chunk of it GONE !\n\nWhat you should do:\n\nSeek legal counsel (get a lawyer) and come up with a manageable payment plan that is both satisfactory to your creditor, and workable for you.\n\nDON'T HESITATE - you will regret it.
141961
It is possible to negotiate with the government to get your tax debt reduced.  I suspect this will only happen if it is realistic to expect that the debt won't be paid at all otherwise.  A personal accountant could probably help for under $1K.
66736
You need a budget.  Prior to every month, plan a budget based on all income for the month.  Assign every dollar you'll be getting to an expense or savings.  Then stick to the budget.  If something unexpected comes up (car repair, medical bill) then revisit and adjust the budget prior to spending the money.  Never spend money not planned for with the budget.\n\nGet an emergency fund to handle small emergencies, pay off any debt you owe, and follow the budget.  You'll be saving in no time.
901255
Pay off the debt first, but keep $5,000. Then take the $5,000 and put it in a high interest bearing account or term deposit account and don't touch that $5,000 for 10/15 years. By that time he would have gone a little further in paying off his debt with his own money and the $5,000 in the high interest bearing account or the term deposit account would have ballooned to a tidy little sum which he can then further apply to his debt or have on hand for emergencies.
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.
107357
The best way to get yourself out of a hole is to stop digging.\n\nDon't take on any new debts under any circumstances whatsoever. If you are able to consolidate your debts into a lower interest rate loan, it would be a good idea. Cut up your credit cards.\n\nIt is bad form to default on your debts - you took them on, you should pay them off. It will hurt, but it *should* hurt. It is the best way to ensure that you never go into debt again.\n\nYou can live on far less money than you think. Be creative. Take every last cent that you can to pay down your debt starting with the highest interest rates. If you want to treat yourself while you are doing this, try some treats that don't cost anything - sign out some DVD's from the library and be a couch potato for the entire weekend if you would like it.\n\nThe *single* best investment that you can make is to pay off your debts. Your credit card debt is racking up at almost 30% before taxes. You would have to get a rate of return on an investment that is about 50% per year to get the same return.\n\nSorry, no pain, no gain.\n\np.s. Been there, done that, will never be there again. I honestly wish you the best of luck.
735450
if your adventerous, get a job over here in iraq like i did.  i came over here $125,000 in debt back in 2003.  by next april, i will be totally debt free.  i would have been done a lot sooner, but i splurged a little on my vacations.  i'm with halliburton(kbr), but there are many companies over here that pay well.  the first $80,000 is tax free.  each month i bring home anywhere between $8,000 to $11,000 a month(bring home), depending on if it is a four or five week month.  it can be dangerous at times, but i have been here 3 1/2 years and i still have all my fingers and toes.  good luck.
674214
Step one - figure out exactly how much you owe and to whom.\n\nStep two - if you can't pay everybody, start by setting aside funds for your food, shelter, transportation, and clothing (all stuff you need to live) and a small emergency fund ($500-1000).  Talk to your apt. landlord and see if you can get out of your lease a month early - this may be cheaper than paying the rent for June.\n\nStep three - if you can't pay minimums on everything, contact your creditors BEFORE they start calling you.  Try to work out a payment plan that YOU can afford.  Don't let them tell you they need a certain amount (more than what you  told them you can pay).  They'll be happy to get something from you.  Only you know how much you can afford to pay them.\n\nStep four - list all your debts (except "mortgage") in order from smallest to largest.  Once you have the emergency fund, pay as much as you can on the smallest debt and minimums on everything else.  Once the first is paid off, use the money you were paying them to work on the next largest debt, so that the total amount you're paying on all your debts stays the same.  Some people may say to start with the highest interest rate, but (in the end) the amount of interest you save is so small, it really doesn't matter.  This way (smallest to largest balance) you see progress pretty quickly and it encourages you to keep going.\n\nStep five - once you're debt free, remember all the mistakes you made and how horrible this time was so you don't end up back there.\n\nIf you need more info, go to the library and look for any books by Dave Ramsey (Financial Peace, Your Total Money Makeover).
103918
First, cut up your credit cards.  Then, make the largest payment you can afford on the debts that you have until they are gone.  The interest will kill you!
921246
Estimate $10,000 for taxes, first of all. (I think if you get it all at once, you're in something like a 50% tax bracket that year?)\n\n1. Get out of debt completely -- consolidation loan, student loans, car. (about 24,000)\n\n2. Buy a house and furnish it. \n\n3. Buy my mother a house. \n\n4. Go on a huge shopping spree and buy out Barnes and Nobel and Best Buy. \n\n5. Send $1,000,000 to my sister, who just had her 2nd baby and is going a bit nuts. \n\n6. Donate $1,000,000 each to the Road Home (homeless assistance), my favorite environmental charity, and my favorite religious charity. (Hey, $3,000,000 tax write-off, too.)\n\n7. Max out my 401k for this year (15,000)\n\n8. Start an IRA and max that out. ($4000, I think)\n\n9. Invest 25% of the rest in the stock market.\n\n10. Put $50,000 aside for an emergency fund. \n\n11. Put the rest into savings.
813127
first you have to complete the FAFSA at www.fafsa.ed.gov.\n\nthis will tell you how much of your own money you will have to spend each year (don't panic, you can borrow this money)\n\nafter that, you see if you have anything left to pay after you subtract any grants that you are eligble for\n\nif you still owe money, you will need a loan\n\nI got a loan from www.wellsfargo.com even though I have a recent bankruptcy