What is a good way to get out of debt?
818290
Try to consolidate all your debt so that you have only one payment to make per month and you can easily see that it is going down - this may give you some incentive to slow down your spending habits. And most definitely pay them off before you get married. You will have enough stress adjusting to married life and everything that comes with it without having money problems to add to it.
1028618
Pay what you owe and then don't go back.  That's the only way out.
1036265
You want to investigate www.daveramsey.com and get Dave Ramsey's books from the library. Debt consolidation is NOT the answer. Not trying to be preachy here but the answer is the debt snowball and careful budgeting. I know it sounds insane but it works. Get his book from the library and give it a try.
30897
First thing you need to do is to find a debt management company for help.  Please stay away from debt consolidation loans or anything similar.  Find a debt management company only.  What they will do is, they will contact every creditors and make a deal, such as lowering your APR.  Then they make promise to pay certain amount every month.  They will take certain amount from your bank account every month and distribute to your creditors.  \n\nIf you go this route, you don't have to worry about getting threathend by the creditors.  Also, this helps with your credit score.\n\nFor a typical company they charge you anywhere between $20-$50 per month for this service, but it's well worth it because they also provide good financial advice for free.\n\nOne of the company I recommend is called Amerix Corporation.  They helped me get out of debt when I was in debt.  Good luck.
731063
Bad credit is one of the worst problems to have... however there exists a solution.\n\nI will hereby talk from my personal experience.\n\nI did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,\nif someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,\n\na good place to start in my humble opinion is astraight to the point ebook with question and answer I found :\n\nhttp://umgarticles.atspace.com/debt-consolidation.htm\n\nif it helps kindly remember me in your voting!.. cheers!
39758
Yes it does.  Take out a loan to pay off all your other loans.  If all your debt is in credit cards this can be a good idea.  May I recommend the book Destroy Your Debt by Samuel Blankson.  This has become a very popular book on getting out of debt.
395711
First, you have to realize and accept the fact that there is and won't be any easy way out of your debt without certain consequences.\n\nHere are a few suggestions from someone who's been and done that:\n\n1. Go to a debt consolidation company, they will make negotiations on your behalf with your creditors for a lower monthly payment. Basically, you will make a agreed upon monthly payment to this company and they will in turn disburse the money to each of the creditor each month. You can call them and tell them your situation as far as the amount of debt and your income. I can suggest one I;ve used in the past, Debt Options in FL, 800-523-0102. It will have a negative impact on your credit score, but at least you will be able to pay down the debt in a fairly short time, and you will only have to repay a small percentage of the actual debt, maybe around 10-30%.\n\n2. File bankruptcy, this is the fastest and least painful way, you can file for Chapter 7 and just walk away from all of the debt. Even though the laws have changed, you can still file for a Chpater 7 or 13 bankruptcy depending on your particular situation, you would have to speak with a bankruptcy lawyer. The fees are probably around $1000 to $2500.\n\nIf you have been in debt for 20 years, then you really need to review your situation seriously and make a decision if you truly want to regain control of your life and finances. It sound that at your current pace, you will still be in debt another 20 years from now! \n\nAs painful as my suggestions may sound, it at least provides a way out for you and then you can start all over with a clean slate, no debts! Trust mem there are millions of people filing bankruptcies every year, so it is not a life ending move, but rather a way to give you a new start.\n\nIt's your life, you can decide as you wish...good luck!
89369
I would consult an attorney about it.  \n\nIf you can't do that because of money issues - talk to the firm who is "helping" you to get out ot debt.  They of all should be able to have exactly what you should do all planned out for you.  \n\nIf they can't help you on it... I would SERIOUSLY be looking into a different company to help me in this.  There are non-profit agencies out there who know everything about this sort of thing.  Good luck
830362
Pay your debts.  How can you expect to get things for free?
682183
If you can get by without a car and you have some equity in it(it is worth more than you owe) then you should consider selling it.  However if you are one of the many people who depend on their car for your livelihood, make sure you pay your car payments.  Let the lender know that you are having trouble.  Also contact the utilities(water, gas, electric) and let them know that you are having trouble paying.  With your utilities find out what is the least you can pay to keep them from getting cut-off.  Also ask if there are any assistance programs that you are eligible for.\n\nStart keeping track of every penny you are spending and try to eliminate as much of the unecessary spending as possible.  Put your surplus towards reducing your debt.  Once you get out of debt you can easy up a little, but still make sure you have enough extra that you can start to build up savings.
1137482
As a generic rule of thumb, when you start your debt pay-off snowball...\n\n1.  Cut up the cards\n2.  Pay minimum payments on all but the one with the lowest balance.\n3.  On the one with the lowest-balance, pay all that you can until it's paid off, then do the same to the next one, then the next one, so on.\n\nHowever, I, personally, would do that in the order of highest interest-rate, but I make quite a bit more than my payments need, and have lots of room to flex.\n\nDo NOT consolidate, unless you can take high-interest debt into low-interest, with no transfer fees.  The goal here is to avoid throwing unnecessary money out the window, and actually making some progress.  \n\nIf you have equity in your house, you may be able to roll your CC debt into a 2nd mortgate or HELOC (home equity line of credit), that you attack as aggressively as you possibly can until paid off.\n\nIt doesn't matter where debt is, it's still debt.  The only way to get rid of it is to throw money at it as aggressively as possible.  It may take years, so be patient.\n\nSome things that can help: garage sales, selling unnecessary stuff on eBay or elsewhere, sell a car and buy a reliable used one, spend less on living, reduce other bills like cable/satellite service, etc.  You need to make your income work for you.  In fact, it may not be a bad idea to pick up a simple evening job as a 2nd, until you pull your head above water (pizza delivery, for example).\n\nI hate to be so blunt, but it may take some serious sacrifice, on your part, to get ahead.  Your income and determination are the only things that can do this.
220913
"Debt Snowball Plan\nThe principle is to stop everything except minimum payments and focus on one thing at a time. Otherwise, nothing gets accomplished because all your effort is diluted.\n\nFirst accumulate $1,000 cash as an emergency fund. Then begin intensely getting rid of all debt (except the house) using my debt snowball plan. List your debts in order with the smallest payoff or balance first. Do not be concerned with interest rates or terms unless two debts have similar payoffs, thenlist the higher interest rate debt first. Paying the little debts off first gives you quick feedback, and you are more likely to stay with the plan."\n\nHere's Dave Ramsey's site to help you.
984508
pay off your debt first, then put the rest in a savings account such as HSBCdirect.com or in a money market account, you can find out the best rate at bankrate.com
236811
try getting a job and stay out of debt
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!
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.....
78054
Pay your debts on time.  Obtain a secured credit card (deposit $250 bucks into a Citibank account and get a credit card with a $250 limit that grows as you pay off your bill over time and maintain a good credit rating).  Obtain a cell phone or any other solution that reports to a credit bureau (not too many just five or so).  Always, always, always pay your bills on time.  \n\nIt really comes down to living within your means, not strapping yourself with too much debt again.  Buy a Hyundai not an Escalade if you make $25,000 per year.  Save your money at least 10% of your earnings per month.  If you want to buy a home, plan to buy it, save every penny you can speak to a mortgage broker like me to understand what you may be able to afford once your fico is in check again.  You may be able to afford a home now and not know it.\n\nYou can send me an email if you have questions simply click on my screen name for my address if needed.