How to get out of debt fast?
Answer:
If you have equity in your home, see if you can get some of that money. Then contact your creditors and tell them you are unable to pay your bills and are seeking bankruptcy (this may no longer be a viable option, though). Ask them if they are willing to take a lump sum now for less than the balance. Some may agree to this. Others may work with you to reduce your interest rate, or eliminate the rate altogether in exchange for stopping your card. These techniques will harm your credit rating, so be aware of that. Consumer Credit Counselling Services can help as well. They can get you reduced or eliminated interest rates and they will pay your bills for you out of a single check (or money order) you give them every month. WITH THE SAVINGS YOU GET OUT OF THIS START SAVING IMMEDIATELY. Change your spending habits drastically. Sell things that you don't need and use that money to pay off debt. Pile up enough savings to get you through an emergency without having to take out a loan or use a credit card - this is key. So many of our debts are emergencies that we couldn't handle on our own.
win the lottery
It would depend on how much debt your in?
Stop spending, fast!
prize bond
or patience
1) Quit spending 2)Pay off high interest cards first 3)Pray for a large amount of money to land in your lap.
pay all your bills fast
Value the future more than the present, earn more, spend less.
work two jobs if you can.budget every penny cut down all house hold expense. pay bills on time and pay as much as you can on the balance.dont eat out! don't waste gas!
i had a similar question and the best answer i got was:
write a list of all your debts and the dollar amounts. pay as much as you can to the smallest one, and minimum to the other ones. do this until you have the smallest debt paid off. then move on to the next smallest debt. so on and so forth.
i wrote out a budget for myself, and it looks like i should be completely out of debt within the year. good luck!
Years ago when I was deep in debt I found ways to cut my
Expenses and earn more money. I paid off my debts and am
debt free today because I still do that. You can try this Site for
lots of Ideas - http://www.realmoneyideas.com Go to the
following pages - "Cutting Expenses" "Money Saving Ideas"
and "Additional Income" for lots of great info and Ideas.
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