What is the easiest way to get out of debt?

Question

What is the easiest way to get out of debt?

Answer 1

Pay the bills. There is no easy way. If you have gotten yourself in debt, your problem is one of your own failure to control your spending. If you have dug yourself into a hole, the obvious thing to do is stop digging! You have to change your ways for the better before anything will be able to help you. Adopt a policy of cash and carry. Ask yourself, do I NEED or WANT this, for everything you buy and skip the wants and only buy what you really NEED. If you do not have the cash in your pocket, you do not buy. Simple and effective. Then, apply every dollar you can to the biggest bills, the ones with the highest interest, first. Talk with the companies you owe money to and see if you can negotiate a payment plan which fits what your budget allows. Avoid the "fix your credit" scams, as most charge you fees for what you can do yourself for free.

Answer 2

Step 1:  Purchase a lottery ticket

Step 2:  Win the lottery

Step 3:  Use winnings to pay off creditors

Could NOT get easier that that!  Or could it???

Step 1:  Find a member of the opposite s*x who is rich and attracted to you

Step 2:  Get them to pay off all your debts.

Step 3:  Fill bathtub with chocolate pudding and eat your way to the bottom.

Answer 3

I never had any debt my entire life until I went through a divorce and my ex ran up a bunch of credit cards in my name. I went from owning my own business to working at a retail store. I kept paying on the credit cards, but the balance never seemed to go down. I know it sounds like I'm a salesman or something, but really the thing that helped me was this book called "The Credit Secrets Bible". Now I'm almost completely out of debt after just 5 months.

Here's a link to a site that has it in ebook form - http://mrtrophy.niesong.hop.clickbank.ne...

Answer 4

Pay all of your bills on time.  Don't incur new debt.  Start with the smaller bills you can pay off the quickest - pay off - then take that money for those payments and roll it into the next smallest/quickest to pay off.  Keep rolling your payments into the next highest until they are all paid.  Also set up a savings account and figure out how much you spend per year on things like maintenance, insurance or whatever other kind of bills that you know you need to pay every year.  Divide that into how many months before you need to pay them and put that much aside every month.  Most people think getting a second job will help pay things off faster, but the truth is, psychologically, you'll think you have more money, so you might talk yourself into, "Well, I can afford to eat out this time since I'm making more," etc.  Only do it if you will absolutely take that money to pay down your debts.  Also, cut back where you can.  Save your receipts for like 2 weeks and try to figure out where you can make cuts.  Stuff like a cup of coffee here and there, fast food this day, vending machine the next - it all adds up.  Rent instead of buying or going to the movies.  Make meals at home and make your own lunch.  You don't need HD cable with all the movie packages and 1 gajillion byte/bits speed internet.  

Bottom line is: make a plan by looking at what you spend now, make changes as necessary, and create a budget you can live with moving forward.  THEN STICK TO IT. :)

Answer 5

stop buying anything you do not need...not want..need...payhoff what you owe..get away from paying any finance charges