2007-01-05 19:42:51 · 3 answers · asked by JONATHAN M 2 in Business & Finance ➔ Personal Finance
Wow, that's hefty. If there was a magic way, everyone would do it. Really, you have three choices: increase income, reduce expenses, or both. Once you do pay it off, you have to figure out how you got in this mess and how you're going to avoid it again. However, if you got in this trouble of your own accord (running up debts on credit cards), if you have to get a flat with three mates and work three jobs to get out, you probably won't have to figure out how to avoid more debt: the punishment will make you never do it again.
See if you can negotiate a better interest rate while you're working, so you don't pile on more debt. Good luck!
2007-01-05 22:08:23 · answer #1 · answered by Katherine W 7 · 0⤊ 0⤋
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2007-01-06 13:29:37 · answer #2 · answered by Mickey P 1 · 0⤊ 0⤋
Can you get a second job and make payments on what you owe?
2007-01-05 20:46:47 · answer #3 · answered by kitttykitti 2 · 0⤊ 0⤋