Am in debt only 25 18000 how do i get out of it?
Answer:
depends on how your credit is. if you still have a good credit score consider real estate. real estate is the easiest way to accumalate quick cash if you have a buyer for the property that you are purchasing. i know that your thinking i already have 18k in debt and don't need anymore, but just take this for example. 100k property that you buy for 45k and it needs 7k in repairs you do a hard money loan which the repairs, closing costs, and purchase price is rolled into the loan. lets say that you have 5k in closing cost - now you have a property that once you do the necessary repairs it will be worth 100k and you will only have 57k in it so you will have 43k in equity. now list the property offering to hold a 20% seller held second mortgage which the buyer would have to get an 80% first mortgage so when you close the first mortgage will pay you 80k at closing and you will walk away with 23k in your pocket you can pay off your 18k in debt and the hard money loan that you took out plus pocket 5k in the process. if you need more info on how to do this e-mail me and i will be glad to help you. uspropsc@yahoo.com
Speak to an IFA
hey same here im 28 with 15000 in debt
i got one loan and paid everything with that now just pay 466 a month which i can afford only over three years so 18 months to go
then you have to not buy things you dont need
the only other way is to sell your ar*e
hope this helps
Depends how badly you want or need credit such as a mortgage for example. If that's not important to you, you can declare yourself bankrupt and all your debts are non-payable. I'm considering it myself as my debts amount to around £4K and trying to make token monthly payments is killing me and stressing me out sometimes. If I thought that might be the best option and if I owed more, I'd almost certainly consider it myself but don't jump into that lightly. Make sure you have all the facts first and see a solicitor or advice agency first. Good luck.
Play the lotto, rob a bank, or open a pub in poor area.
Try calling debtline or the cccs for advice
Pay it.
Sort out an IVA.
This will help drop the profits from the stupid banks, who have been so careless with lending.
The banks deserve all they get in the next couple of years.
Agree with the people you ow a payment plan that you can afford and make sure you keep up with it. Be honest and if you fall into finacial trouble let them know and if you been good they may be able to give you some leeway whilst you get back on your feet.
I'm in about £3000 debt and by doing the above and only spending money I have spare I have cut paid off about £1500 since the start of the year. In 2 years I should be paid off and ready to get more debt, hehe.
There is no quick way unless you win the lottery or the pools.
you can go to the county court and pay in £315 to make your self bankrupt
Well you could take out a consolidation loan to pay it off, then cut up all your credit cards and make sure you dont take out any more credit.
Or if you really are struggling, you could consider going bankrupt or taking out an IVA where you would be debt-free in 5 years. But this should only be really done in extreme circumstances and the effects to future credit would be devastating.
Firstly how can you end up in 18k debt at 25??
You just need to get a job/additional job and work your ** off until it's paid.
Don't expect an easy way out, it is a problem of your own making and only you can sort it out.
At least once it's over you will have a true appreciation of the dangers of living beyond your means.
try roulette
put 1 pound on red - if it comes up you win 1.00 if it doesn't just double your stake until it does..
its a winner - you can practice this method on all on line casinos without actually playing for money - when you see it works just play for real.
*remember the golden rules though**
start with 1.00 GBP / stay on same colour and keep doubling your stake
1
2
4
8
16
32
I have never seen more than 6 blacks(or zero) on the bounce.
try it.
It sounds obvious, but firstly you need to consolidate your debts. Then its simply a case of ensuring that your outgoings do not exceed your income. Sounds easy, takes a great deal of self discipline, especially if you have been overspending for a few years. Good luck pal.
Get as much credit as you can - sell all your possessions, beg, borrow and steal - then move to Brazil under a new identity.
PAY and PRAY. reduce impulse spending. make a budget, and stick to it.
Consolodate the debt. would end up with lover repayments! As long as it all gets paid off and no black marks against your name you should be ok!
how on earth did you get into so much debt?
Buy a gun put it to your head a pull the trigger
Unless you have fallen on hard times recently for example illness loss of job or some other unavoidable circumstance that you could not control ! Pay it after all you signed on the dotted line and was happy to take the money or use the card /finance and if you borrowed above your means tough s* matey live like a monk for a few years till its paid off ! sorry if you wanted sympathy mate but we all should try and live within our means I am fed up with people blaming Banks / finance companys for overspending they do not drag you in off the streets and make you borrow at gunpoint !
Although I'm in the UK and on the 'alleged' UK site, I assume you're in USA because you take it for granted that we're all clairvoyant and automatically know you're talking in $$. Even so, I'd LOVE to know WHAT YOU'VE GOT TO SHOW FOR YOUR 18000 'whatevers' at your age before I could give any suggestions like "Why don't you sell it all back!"
Try this Site for Ideas: http://www.realmoneyideas.com
Go to the following pages:"Cutting Expenses" "Additional Income"
and "Money Saving Ideas" Lots of great info and Ideas are on
those pages that will help you.
move in with your parents for a while or take on a roommate and charge them for half of the rent,have a garage sale and use the proceeds to pay down loan amount.
first think positive, than .
Prepare a budget and ensure that you cut out any unnecessary expenses. Any that's left over, you should use to pay off your debts starting with the ones charging you the highest interest. You should not panic and take more loans to pay off your current loan or pay anyone to help you take care of the debt.
If you need practical help, you can contact your local citizens advice bureau or national debtline or consumer credit counselling serivces. Their services are free.
All the best.
Why dont you consolidate your debts and pay one single installment monthly? I hope this helps you
Ways to Consolidate Debt
http://www.debt-explained.com/category/w.
What assets do you have? A home? A car? If you really need out of debt fast, I would suggest selling some of your assets. If you're just concerned with dropping some debt, I agree with some of the others who have posted; take a second job or lower your expenditures to free up some money to be used for payments. Get a debt consolidation loan, if that is an option for you.
At 25, you are young enough to work two jobs. Pay it off and quit over spending.
With all that debt you must have everything you could ever hope to want! Now STOP SPENDING!!
Many of us have experience with "Debt" at some point in our life. If you start thinking how to settle your Debt, you are on the right track. Think about the time when you will be free from debt. It is nice. Isn't it?
Some debt collection companies make annoying phone calls even at night and it would be nice to get rid of them. It is possible to get rid of them. Visit following site to learn about "Debt Guide".
http://www.makemoneyexpert.com/debtguide.
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