How to get out of debt...?
919949
Stay in school, but get a job.  I am in my senior year and my parents have not paid for any of my tuition or books.  I have a job and I pay for it myself.  Yes your grades will suffer a little, but I am still in the eighth best business school in the country.  \n\nThings will work out, they always do. Just remember that the family is most important, not bills or money.  Worst case scenario your parents file bankruptcy and life will go on.  Right now you need to be there for your dad not their bills.\n\ngood luck and I wish the best for you and your family.
213017
Stop eating out, or whatever you spend the most non-essential money on. Then take all the money that you would have spent, and put it toward fighting your debt.\n\nBe consistent. It should only take you 18 months, which is Small in comparison of 30 years. Think about it.
133927
Snowball technique:\n\n1. Look at all old debts. Rank them from easiest to hardest to pay off based on total owed, minimum payment due, and (tiebreaker) highest interest rates.\n\n2. While making minimum payments to all other debts, pay this one, PLUS as much extra as you can swing- AT LEAST an extra 10%, but the more the better!\n\n3. As soon as this one is paid off, apply all of the payments you WERE making on it to the next debt in line, WHILE still paying the amount on it you were. By this time, you should be paying about twice the minimum so this one will go faster.\n\n4. Repeat for each other debt- the monthly payment will be getting bigger and bigger, paying it off faster and faster.\n\n5. Throw whatever 'windfalls' you can at this also- tax returns, bonuses, etc.\n\nThey say the snowball will get you debt free in the quickest amount of time- even faster than consolidation loans, etc. One nice thing about it is that YOU are in control of it. If you HAVE to hold back some of the extra money once, no big deal.\n\nPS- this is the technique that a lot of 'get out of debt quick, send money for info' schemes tell you to do.
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.
159834
hereisyourwayoutofpaydayloans\nPayday debt[how to get out]\nWe first got into the loan because we needed car repairs and didn’t have enough money then someone told us we could get a payday loan.  We went to the payday store and it was so easy just needed to provide a bank statement, pay stub and post dated check for two weeks, my next payday, $575.00 they handed over $500.00 cash.  We really thought we would be able to pay it back and that would be that.  Then when payday came along $575.00 out of it would be hard as we were already living payday to payday.  We went back to the payday store and were told we could just pay the $575.00 cash then re-borrow again that sounded good we just didn’t think of the very high interest rate.  So if you borrow every two weeks at $75.00 interest for 26 weeks that equals $1,950.00 in a year.  So when we would re-borrow that would not  cover all of the bills because we would be short the $150.00 from the interest so we went to the next payday store to cover the monthly bills then we found we needed more money for some other need.  Then when we needed to pay off that loan we were short so we had to go to another to cover that loan then another and another before we knew it we were into four paydays per month.  Here is the calculation $75.00 x 4 loans =$300.00 per two weeks x 26 weeks per year $7,800.00 x 3 years $23.400.00. Paydays are suppose to be a happy time but when you are into them like we were it is a nightmare and very stressful, robbing Peter to pay Paul, running from one store to another. What was amazing is as I was going from one to another I would see the same people at each store, sad but true. \nOur website is hereisyourwayoutofpaydayloans
722654
I would suggest first looking at your expenses and try cutting some costs.  Try to come up with an extra 100 dollars (ex. Don't eat out as much, carpool, bring lunch to work).  \nNext take all other payments you are making to other debts and bring them down to the minimum payment.  The next step is to apply all the excess that you were paying and the extra $100 you came up with towards the credit card.  As soon as you do this you will see a significant difference in your balance. Once that card is paid off, take all that money that your were applying to the credit card and pay off your next debt.  This is a great way to quickly get out of any kind of debt.
434946
First of all- stop using pay day loans!  You need to get a good job and save your money for your bills- pretty common sense.  If debts are too much try orderly collection of debt or you may have to file for the awful 'B' word
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!
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!!
112888
I HIGHLY recommend the sites listed below for help and advice. Take it one day at a time. Start with a budget.Eliminate anything that is not a neccessity. Pay what you can. Start with your neccessities first. home, auto, health, etc. With anything left over start paying the minimum on unsecured debt. If you have anything left over pay more than the minimum on the highest interest debt. When that is complete then roll those payments into the next highest etc. Good Luck!
932270
First, spend less than you make.  Then, pay off your debt, highest rates first.  Finally, make investments in different asset classes (stocks, bonds, metals, real estate, etc.) to secure your long-term financial goals.  That's it in a nutshell.
176027
1. Pray\n\n2. cut out unnecessary expenses (you'd be surprised what you can cut out)\n\n3. concentrate on paying off one bill at a time.  Start with the smallest balance.  Once you pay that one off, you will feel better, and you can apply that money to the next bill.  \n\n4. talk to your creditors, some may have special programs for people in difficult situations.\n\n5. consider consolidation, but be careful.  This can lead to more debt if you don't reduce spending.\n\n6. Talk to reputable credit counsellors.  Beware of those who promise to work miracles with your debt and bills.  If it sounds to good to be true, it is probably a fraud.\n\n7. Don't pay a credit card with a credit card, that will only make things worse.  The only exception is to transfer a high interest rate balance to a low rate card.  Even then be careful.  It's easy to make it worse.
363439
If you're a home owner, the best way to get your hands on money is to cash out some equity in your home.  It's your money (from one perspective) and the rates will be about the lowest available on a loan.\n\nI caution you though, borrowing more to pay off your debts isn't the solution; replacing the financial habits that got you into debt with more healthy financial habits IS the solution.\n\nIn general, people in debt live on 'if-come'; they spend more than they make.  To fix the problem, you have to begin living on less than what you make, creating a surplus of discretionary income each month that you can use to pay back the money that belonged to someone else (banks in most cases) that you already spent.  In the meantime, they continue to collect interest on the money that you spent that wasn't yours.  It's a nice business considering how many people today don't see it for what it is.  Watch TV for half an hour, there will be plenty of companies just itching to make you a consolidation loan.\n\nIf home equity isn't available to you, shop for a consolidation loan with the lowest APR available and make yourself a promise to cut back on your expenses and pay the money back.  Get tough with yourself and decide what you NEED to live, and get rid of the things that made life more fun; they cost money that you can use to get out of debt.\n\nIn short, whatever your income is, it is.  Learn to live on it or find a way to make more of it.  Continuing to spend money that isn't yours is just going to keep you in debt, if not dig the hole deeper.
85771
You need to get a job. That will help your self esteem immensely, and help you start to get out of debt.
3465
Identify the expenses you can do without to become financially stable. Now pay everything you can afford to your various lenders. Pay only the minimum amount except to whichever debt has the highest interest rate. Pay that debt the minimum plus whatever extra you can afford. Once you repay this debt, take that payment and apply it to the next highest interest rate debt and so on.
1047706
This kinda thing happens periodicaly throughout life. \n\nTake a nap, take a walk. Sit down and think things through. As far as money goes, look at what you have, what you own, what you pay for and your quality of life. Find where the problem is and set a solution to it. If what you have is not enough money, find out where it is going, or re evaluate your current employment. If what you own isnt good enough, ask yourself why. Get rid of it. start over. Nothing is more liberating and giving your stuff away to people who have nothing. it leaves you with room to add new things. If you're paying too many bills, find a way to pay them off quicker. even an extra twenty bucks on a credit card payment makes a huge difference. Be sure to set yourself aside a few bucks a week for mad money. \n\nI promise you'll find room for improvment, but if you're honest with yourself you will find that you have it pretty good. Because no matter what there is always someone who is worse off than you.\n\nAs far as work goes, I would just make it known that you're no ones workbitch. You do things, because you get paid to. end of story. You dont owe anyone anything. \n\nThings get super overwhelming at night time, after a huge work load, when you're PMSing, when you're tired from lack of sleep. \n\nDo you have a sick day? Call in. sit at home in your pj's and watch price is right with a tub of ice cream. Sleep the day away. if you dont have a sick day, have sick moments at work. Take you time walking to the bathroom. Take two seconds to look out the window. Count to ten and close your eyes and think of your favorite place. Mini-vacations. listen to your own music at work whenever possible. your favorite songs can take you anywhere, no matter where you're at.\n\nmost of all, reassure yourself that there is a way out of this, it might not be immediate, but there is a way out. And you will survive. And things wont seem so big and weighty after a while.\n\nJust breathe.
901211
Speak to the Citizens' Advice Bureau about FREE debt advice. There are some other charities that will offer you free advice about the best/quickest way to repay what you owe but I am unaware of any organisation that will administer your debt for you or give you a consolidation loan without making some sort of charge. \n\nCAB will encourage you to look at what all your income and outgoings are and devise a strategy with you, not for you, as to how you are to pay it all back. Meanwhile, write a holding letter to your creditors telling them that you are seeking independent advice about the debt. It will only serve to stall them temporarily. \n\nWork out your priority and non priority debts. Priority debts are ones which will affect your home or your liberty and include rent/mortgage, water, gas and electric and any other loan secured against your property. Non-payment of council tax can lead to imprisonment and so is a priority debt. All other debts are non-priority. It is vital that these are paid first.\n\nDraw up an honest list of what comes in to your household and what goes out and include everything, including newspaper money and pocket money for the kids etc. Don't try to hide an amount under the heading 'Housekeeping'. Debt companies know what to expect to see under all the headings based on reasonable amounts according to your home circumstances and trying to hide amounts under ambiguous headings won't work. \n\nYou then need to write again to your creditors and include the income and expenditure form. They should then come to an agreement with you although they are not obliged to. If you go to the CAB with this information, they can help you work out payment plans for each creditor and give you a standard letter to send. It may also carry more weight with the creditors if they know CAB are involved. \n\nCreditors are not obliged to accept your suggested payment plans and will be looking for some commitment from you that you are determined to clear your debt. Can you return the cards to the company, cut up? Can you sell some of your assets? Can you take on another part-time job specifically to pay them off? Could you rent a room out in your house? \n\nThere are other options like IVAs or bankruptcy depending on how much debt you are in but these have as many cons as they do pros and are not the answer for everyone, particularly if you own a house with equity. You could speak to CAB about these options but think carefully before going down these routes. \n\nYou are right to think about alternatives to taking out more debt. There are obvious problems if you cannot keep up repayments on bigger consolidation debts especially if they are secured against your home. I don't know your own circumstances, of course, but maybe going through the debt procedures above will concentrate your mind on how you managed to get into debt in the first place, the pain of being in debt and how hard it was to get out of it which will prevent you from ever going down that road again. I know that I learned that same lesson the hard way and am steering well clear of ever going there ever again. Consolidation seems like easier options but will anyone ever learn to change their behaviour or is it just a quick fix to allow the same thing to carry on all over again? \n\nAnyway, good luck. It seems like a pit you can never climb out of but it will get easier. Promise!