2007-02-13 20:39:09 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
The best way: Pay slightly over the minimum on all debts but the smallest one. Pay as much as you possibly can on the small one. When that one is paid off, put the money you were paying on the smallest debt over to the next smallest debt. Keep doing this until you're debt free. And don't get into more debt by using credit cards!
Now, if you're like me and have a hubby that likes to keep using credit cards, then this is what you need to do: Focus on the lowest balance debt that can't be increased (i.e., car loan). Pay as much as possible on that debt while paying slightly above minimum on the rest of the debts.
2007-02-14 00:25:13 · answer #1 · answered by boo's mom 6 · 2⤊ 0⤋
If you are stuck in debt, implement the following strategies to get out of debt immediately.
Accept you have a debt problem: The most important thing to do once you are in debt is find out the total amount you owe. Accepting you have a debt is the first step of the solution. Besides, it also signifies that you are sincerely interested
2007-02-14 18:09:11 · answer #2 · answered by mey t 2 · 0⤊ 0⤋
the best way to pay debt is to pay it off yourself. start with the little bills, and pay only the minimum on your big bills. once you have gotten your smaller bills paid off then you can start to pay more on your bigger bills. as soon as you know it all of your bills will be payed off. that is what i am doing and i feel tons better every time i pay something off and know that i dont have to worry about it.
2007-02-14 01:00:58 · answer #3 · answered by Kiki 2 · 1⤊ 0⤋
The best plan is in Dave Ramsey's The Total Money Makeover. Read it and follow it. It's hard work, but works wonderfully.
2007-02-14 14:09:57 · answer #4 · answered by Jen G 5 · 0⤊ 0⤋
It seems like most people want money so give them what you owe them. If it is anothr kind of debt them ask them what you can do for them.
2007-02-13 21:34:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋
for the entire united states and all of it citizens to file and claim total bankruptcy from any and all debtos and wipe the slates clean !
2007-02-13 20:47:20 · answer #6 · answered by Anonymous · 0⤊ 3⤋
one is to work. check out daveramsey.com
2007-02-13 21:20:09 · answer #7 · answered by Anonymous · 1⤊ 0⤋