What's the best way to get out of debt?

Question

Are there any companies you can recommend?

Answer 1

I think it's called roll-over. Say you have a bill that's $50 a month, when that's paid off, pay the $50 a month you were paying to that bill to another, lets say one that's usually $100, so that would be $150 a month (basically like you are still paying on the bill that's gone), that way that debt is paid off faster. When that bill is paid off put the $150 a month towards another bill and so on. I got my two cars paid off that way.

Answer 2

Click this link. It's great. I've been doing this for a couple months and it just depends on how much time you want to spend with it. I only work on this about an hour or two a week and for the first couple of months Ive already netted an extra $500 per month.

I know this doesnt sound like a ton of money, but for a little time as I invest in this the return is great. AND the best part is the return isn't month to month, the return is comprehensive. That means the $500 I made this month will only grow bigger the more time I put into it.

Be skeptical, its natural. However, give it a try, I think you'll be suprised.

CLICK ----> http://website.ws/kvmlm2/my.dhtml?sponsor=wvjock

Answer 3

Don't use a company! They end up costing you more.

First, make sure you pay at least the minimum on each credit card every month. If you don't, your interest rate will go up on *all* of the cards!

Second, pay off the credit card with the highest interest rate first. Then pay off the one with the next highest interest rate, etc. Pay off as much as you can afford each month, but make sure it is much more than the minimum.

Third, make sure you STOP SPENDING money on non-essentials. Essentials include food, housing, and clothes (not fancy ones!). Keep your spending under control or you will just be back in debt again before you know it.

If your spending simply is too much for what you make, consider getting another job or training for a higher paying one.

If all this fails, you may have to consider bankruptcy. But the laws for this have tightened recently, so you will have to see if you are eligible.

Answer 4

Things a company will tell you to do: 1. tear up your credit cards.2. Start paying them off. 3. Sit down and make a list of what you have as assets and what you have as bills.4. Make a daily log of what you spend, and that means everything. If you stop on your way to work and grab breakfast, or that Starbucks coffee, you are wasting money. You can make the coffee at home.5. See if you have anything you can sell. That snowmobile in your garage that you have had since forever and never ride. Have a tag sale, or yard sale.6. Get a part time job, and use that money on paying off credit card bills.

Answer 5

If your debts are serious enough and you don't have any huge assets like CDs, Stocks or Houses (retirement funds cannot be touched) then I'd declare bankruptcy (you've got to be at least $15k in debt).

Other than that you'll need to stop spending money on things you want. Only spend on things you need. Every extra cent use to pay off your debts. Call your debt holding companies and see if you can get your interest rates lowered temporarily while you try to get oyur balances down.

You may need to get a second job or get a better job. You also may need to work at a job you hate in order to get a better pay rate.

Cancel subscriptions to magazines, cancel netflix or blockbuster, decrease your driving, electricity and gas usage.

Answer 6

If you own yor own homw you can refinance and pull cash out to pay off your credit card bill and raise your credit score dramatically. I work for United Lenders Group and I work with over 45 different banking companies so I could get you a mortgage loan no matter how bad your credit is or how much in debt you may be
916-860-0804
keyon

Answer 7

There is no company that can do for you anything that you can't do yourself.Plus they charge you for their "services".Go to msn.com and click on the link for their "Money" homepage.You'll find tons of usefull information.It's well worth it to take the time to read up on your finacial rights and responsibilities.
Also....do the common sense things.Cut your spending.Pay down the higher interest obligations first.Look into refinancing at a lower rate if you qualify.
DO NOT pay anyone or any company to handle these things for you,or to tell you things that you can find for free on the internet.!

Answer 8

Our organization helps people eliminate credit card debt. You can also look for a local organization in our directory. Either way, you can find reputable agencies that can talk with you for free.

I also recommend making sure anyone you work with has a satisfactory rating with the Better Business Bureau.

Good luck!

Answer 9

One thing is to consolidate your debts in one place with a long term payment plan.
But it will not help, if you do not look into the reasons for the debt. You have to address them.
At the same time, reduce expenditures by managing your life style. Reduce waist.
Also look at ways to improve your income long term, like getting additional training or education.

Answer 10

Don't get companies that helps you with your credit, is bad think to do.
The best way is to call your creditors and make payment arrangements and pay them on time. Same creditors will take out the interest rate on late payments, that will help.
I did it for my husbands creditors.