How do you get out of debt?
• United States
24 Nov 09
Yes, I have gotten out of debt it takes a lot of discipline to do it. You have to stop all un-necessary spending and put every penny possible towards the debt. The first thing to do is call all of the creditors and see if you can get your interest rates lowered. Then transfer the balances to to the cards with the lowest interest rates. Call and ask if the your credit card companies will let you do a balance transfer for free. Try to get down to as few cards as possible and pay off of the one with the highest interest first.
24 Nov 09
Work harder to earn and pay your own debt. Anyway, having a debt means that you have taken something from them such as borrowing money. So when you borrowed money, there should be some chances that you are able to pay them because the lender won't let you borrow from them if they think that you can't pay for it.