2007-10-26 03:59:15 · 7 answers · asked by mjcfw 1 in Business & Finance ➔ Personal Finance
I am currently using the Debt Management Plan at moneymanagement.org. They are part of National Credit Counseling and are the only debt service that Suze Orman recommends on her site.
2007-10-26 04:02:46 · answer #1 · answered by R 2 · 1⤊ 1⤋
1. A written budget. Don't waste money.
2. Second job. Or third.
3. Garage sale.
4. Get to know ebay.
Do not take out a loan to pay this off. That's not paying of debt, it's moving it.
2007-10-26 11:02:24 · answer #2 · answered by JB 6 · 1⤊ 0⤋
What is the interest rate and terms of the loan? You might want to get it refinanced for a reduced interest rate and shorter period of time (if that is at all feasible). This will save you money in the long run. Is it car loan debt? You may want to get something that is an easier payment to handle. Cars are horrible investments even though they have a lot of utility...
2007-10-26 11:05:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Budget - waste not, want not
refinance something (house, car) to raise some money.If the 20grand has interest on it, you could borrow from a non-interest or a low-interest source to cover the original 20 grand.
Commitment/focus
Garage sale
2007-10-26 11:09:40 · answer #4 · answered by Ayo A 5 · 0⤊ 0⤋
There is not enough information here to answer the question. we need to know things like your income, expenses, type of debt, work situation.
2007-10-26 11:39:19 · answer #5 · answered by Jay P 7 · 0⤊ 0⤋
A dollar at a time.
If you quit spending more than you make, it works every time!
2007-10-26 12:14:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I have 30,000
I figure just try to transfer it to zero percent cards and chip away at it
2007-10-26 11:02:36 · answer #7 · answered by Anonymous · 1⤊ 2⤋