I am 30,000 dollars in debt and need to know how to get out of it?

Answer 1

get a job and pay it back

Answer 2

1. Cut up any credit cards you ever had into little bitty pieces and throw them away. Don't even think of ever charging another thing again.

2. Get a job (if you don't already have one).

3. Get a bank account in a credit union. (Find family member who is a member of one - hopefully you have such a person).

4. Open an account at the credit union, close your other accounts, don't bounce any checks there.

5. Apply for a debt consolidation loan at the credit union.

6. Work your butt off, pay your monthly loan payment ON TIME or even early every month. Pay more than the minimum whenever you can. (Do without things like carry-out food and such).

7. Enjoy the eventual freedom of being debt-free. BUT - REMEMBER #1: stay away from those damn credit cards!

Answer 3

There are a few options. If you can afford to do so, double your payment on your lowest balance and do so until you pay it off. After that one's done, repeat this process with the rest until they are paid off. Do not use the cards while you are doing this or it will defeat the purpose.

Another solution if you are having a hard time making all your payments is to go to credit counseling. They can set up a lower payment amount that will help you pay all your bills on time. It may take longer to pay them all off.

And another solution that is a possibility (if you own a home or property) is to take out an equity loan to pay off the $30,000. Keep in mind that you will end up with a payment still, but it might be lower than your current one and the interest will be tax deductible in most cases.

Answer 4

you couldn't be serious, could you?
ok, depends on what that $30,000 represents. Was it for a car, a washer and dryer and clothes, memberships or what?

First of all you need to find an online loan calculator and figure out how much you can pay toward that per month and see how many years it will take for you to repay that (plus all the interest, and maybe even late charges you will incur). Then realize that for the next several years you cannot buy anything at all. Then go out and get yourself a second job, or a third job too if it takes that, to pay off your bills.

You never "get out of it", you pay it back.

Answer 5

A lot depends on who you owe this debt to and if you own a home. One thing is for sure, you must stop using credit until you get rid of the debt. Another thing, don't think you need every thing you want. Another is to work more and earn more money and use it to pay down the debt.

Answer 6

if 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,

a good place to start in my humble opinion is:

http://umgarticles.atspace.com/debt-consolidation.htm

Answer 7

You sound like you could be a candidate for bankruptcy, although the laws have recently changed (and not in your favor)
Here is a website provided by the US Government

http://www.uscourts.gov/bankruptcycourts.html

Good Luck

Answer 8

Here are a couple of great resources. I had that much debt years and years ago and managed my way out (I am debt free now).

If you appply yourself and stay the course, you wll be fine.

http://www.daveramsey.com
http://www.reduce-debt-help.com

Answer 9

Consumer's Credit Couselling, for a long time.
http://www.consumercredit.com/

Answer 10

Hello...........
Heres an idea, do you own a home? If so I can help you get out of debt!