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Get Out of Debt

(25) Find another Hobby Other than Shopping to Occupy Your Time

Going shopping is an easy way to throw you off your best laid plans for getting out of debt. If shopping is a hobby of yours, find a new past time that doesn’t cost so much money.

by September 11, 2016 0 comments Get Out of Debt

(24) Cash in Life Insurance if You Are Older

If you are older and drowning in debt and have whole life insurance, consider cashing in the policy or the the cash-value portion of it to get that big debt paid off to give you financial peace of mind.

by September 11, 2016 0 comments Get Out of Debt

(23) Refinance Loans at Lower Rates

If you have managed to stay current on the balances you owe, check with your lenders to determine if there are lower interest rate loans available to you. Refinancing can be a dramatic way to lower your monthly costs and get loans paid off more quickly.

by September 11, 2016 0 comments Get Out of Debt

(22) Find Cheaper Everything & You Will Be Amazed at How Much You Can Save

Find cheaper everything including your apartment, car, insurance, the works! In desperate situations, move back home, if they will take you! It will amaze you on how much money you can save. An important example is commuting to the job. Unless you work in jogging distance from your home, commuting adds up to a considerable expense for most of us.[Read More…]

by September 11, 2016 0 comments Get Out of Debt

(21) 5 Ways to Get Out of Debt

There are generally five ways for you to consider getting out of debt including: Debt Consolidation Debt Management Bankruptcy Debt Settlement Use a Combination of Approaches There are pros and cons to each that you must carefully consider with the help of a qualified financial and legal professional

by September 11, 2016 0 comments Get Out of Debt

(20) Take a 2nd and 3rd Job if you Need to in Order to Pay Down Debts

Taking a second or third job to reduce your debt loan sounds completely unappetizing to all of us, but it is something to consider to get your debts down to 0 fast and keep them there. Often times, by taking a second job and cutting all of your controllable costs (and not running up new charges), you can often pay[Read More…]

by September 11, 2016 0 comments Get Out of Debt

(18) Use One or Two Credit Cards and Retire the Rest

Pick out your lowest interest most rewarding one or two credit cards and retire the rest to a place near your financial records. Don’t destroy or close these credit card accounts because that will impact your credit score, but do put the away.

by September 11, 2016 0 comments Get Out of Debt

(17) Change How You Spend Money

If you are fast and free with your money, you need to changing your spending habits. Anytime you are tempted to spend money, ask yourself this: Can I afford this purchase without putting it on a credit card? If the answer is no, then you can’t afford it.

by September 11, 2016 0 comments Get Out of Debt
(16) Let Go of Your Big Spending Friends if You Are Becoming Indebted by Being with Them

(16) Let Go of Your Big Spending Friends if You Are Becoming Indebted by Being with Them

If they are true friends, they will stick with you, even if you cannot follow them to expensive restaurants and weekend getaways. If you can no longer (or never could) afford the lifestyle of the rich and famous, you need to quite it and find new friends and new pursuits.

by September 11, 2016 44 comments Get Out of Debt

(15) Create New ‘Good Credit’ Habits Now & Always Use Them

They say that success leaves footprints. So do high-credit people. Here’s what they do starting young that you can begin to implement today: 1. Create a budget to live on. 2. Create a financial plan to prosper on. 3. Save money. Open an ’emergency fund’ and a ‘retirement account’ today, even if you are only putting in $5. 4. If[Read More…]

by September 11, 2016 0 comments Get Out of Debt
(14) Avoid These Mistakes when Struggling with Debt

(14) Avoid These Mistakes when Struggling with Debt

Sometimes debt can throw you for a loop and cause you to make more mistakes, which worsens the situation you are in. Some of those are: 1. Going without insurance as a way to save money. 2. Fudging tax returns. 3. Making decisions based on fear rather than rational thinking. 4. Failing to create a budget. 5. Failing to implement[Read More…]

by September 11, 2016 5 comments Get Out of Debt

(13) Sell Two Classes of Your ‘Stuff’ to Get Out of Debt

Sell two classes of “stuff” that you have and use that money to pay off creditors. The first group are expensive items, expensive presents you bought for yourself. Sell them and use the proceeds to pay down debt; the second class are items, while not of great value, continue to cost you money, like the sailboat with mooring privileges at[Read More…]

by September 11, 2016 0 comments Get Out of Debt
(12) Create a Plan on How You Will Pay Off All of Your Debts as Quickly as Possible

(12) Create a Plan on How You Will Pay Off All of Your Debts as Quickly as Possible

Here is a good, practical way to pay down debt. If you have five credit cards or loans that you must pay each month, pay the minimum on four of them and aggressively go after the fifth one putting just as much money as you can to pay off that account. When that is paid off, go after the next[Read More…]

by September 11, 2016 4 comments Get Out of Debt

(11) Write Down All of Your Options for Paying Off Your Debts

Once you have all of your debts listed, write down 20 options for paying off part or all of your debt. Write quickly. Do not judge what you are writing or how realistic the idea is, just write it down and then go to the next and then the next. Once you have 20 ideas on paper, go for another[Read More…]

by September 11, 2016 0 comments Get Out of Debt, Uncategorized

(9) Where to Get a Credit Score? Paid-for and Free-of-Charge

Where to get a credit score, preferably free-of-charge? Under the law, you are entitled to get a free credit report annually from each of the three big credit reporting companies…Transunion, Equifax and Experian. There is no such law, however, that guarantees that you get a free credit score. You can buy your credit scores from each of the above-mentioned companies.[Read More…]

by September 11, 2016 0 comments Get Out of Debt
(8) Get a Free Annual Credit Report and Check it Carefully

(8) Get a Free Annual Credit Report and Check it Carefully

Get a Free Annual Credit Report and Check it Carefully How do I get a free annual credit report is one of the first questions you need to ask yourself if you are challenged with debt. What you are looking for? You are looking for everything….(1) make sure there are no mistakes on the report; (2) look for accounts that[Read More…]

by September 11, 2016 28 comments Get Out of Debt
(6) Stop Spending Money Right Now, Tonight!

(6) Stop Spending Money Right Now, Tonight!

If, after reading the above sections, if you see red flags waving or if you have tripped off a few alarms, stop spending money on all optional items now! What’s optional? • Housing That Is Unaffordable • Cable TV • Alcohol • Cigarettes and booze • Illegal Drugs • New Car Payments • Dining Out • Gym Memberships • Expensive[Read More…]

by September 11, 2016 73 comments Get Out of Debt
An American road stop sign with sky background and copy space for your message Stop getting into debt

(2) 4 More Ways to Get Out of Debt and Build Credit

Using credit cards to pay ordinary expenses and not paying off the credit card at the end of the month. We all use credit cards to pay ordinary expenses and that’s fine, but the difference between doing that and having the red flags waving is not paying off the bills at the end of the month. If at the end[Read More…]

by September 11, 2016 0 comments Get Out of Debt
(1) How Much Debt Do You Have? Is It Reaching the Danger Zone? Here Are Key Red Flags to Watch For

(1) How Much Debt Do You Have? Is It Reaching the Danger Zone? Here Are Key Red Flags to Watch For

How much debt do you have? Sometimes it is hard for us to admit and actions often speak louder than words. You may not admit to having too much debt, but are the air raid sirens of debt going off? Are the red flags of debt madly waving? When the debt sirens go off, we can all hear them because[Read More…]

by September 10, 2016 0 comments Get Out of Debt