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If someone is making $100,000 per year, it's understandable it would be easier for them to pay off the same amount of debt than someone making $20,000-$30,000 per year. At least in most cases. Of course circumstances would determine that.

However, what is the maximum amount of debt you've paid off in ONE YEAR, making LES THAN $30,000 per year? How did you do it? What advice on budgeting ect can you offer?

Please state the amount of debt you had, and your income during the period you were struggling to clear up your credit. Sometimes after medical problems, a person is not able to return to work making the same amount of money, or return to work at all.

Thanks

2006-09-21 15:55:48 · 3 answers · asked by Anonymous in Business & Finance Personal Finance

3 answers

The answers you get are not going to help you much as the minimum you need to live on varies based on what part of the country you live in.

Someone in CA will usually have much less disposable income to pay debts with than someone in KY.

2006-09-22 02:14:15 · answer #1 · answered by Jim R 5 · 0 0

I had to pay off 20,000 left of a car i bought after i lost a good job making 40k, I got a new job making 22k, I had to move out back with my parents, but after a year it was paid off. How did I do it? NO. SOCIAL. LIFE.
Moving back with my folks saved me that rent money so i paid my car with what I would've paid in rent.

2006-09-21 23:00:32 · answer #2 · answered by Erik E 2 · 0 0

visit DaveRamsey.com for real world knowledge

2006-09-21 22:59:01 · answer #3 · answered by Anonymous · 0 0

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