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How to Get Out of Debt

Why People Have a Tough Time Shopping for Debt Help

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The Federal Reserve Bank of Philadelphia published a paper by Stephanie Wilshusen which made some very enlightened observations about why consumers struggle with getting out of debt. In the paper, “Meeting the Demand for Debt Relief” it describes the options available to borrowers who seek assistance in managing their debts and discusses the information and incentive problems associated with these ... Read More »

The Get Out of Debt Guy 8 Easy Steps to Eliminate Your Debt Checklist

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So you want to get out of debt. Congratulations. To make your journey easier and to help you on your way, here is an easy to follow checklist to guide you on your journey. Getting out of debt can be broken down into some very simple steps to make the process easy, obvious, and help you to do it yourself. ... Read More »

The Saddest Avoidable Mistake People Make When Getting Out of Debt

Every day wasted is money wasted. Make the tough choices young so you don't wind up broke, old, sick, and counting pennies.

It is painful for me to watch people make the same ignorant and stupid mistake time and time again when getting out of debt. And what is the number on mistake that screws up their financial future in an effort to repair their financial past? Keep reading to find out. People make all sorts of emotional decisions when faced with ... Read More »

How to Pay Off a Shitload of Credit Card Debt

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How to Pay Off A Mountain of Credit Card Debt (via Credit.com) Credit card debt is a big problem in America today. One recent study found that 1 in 4 people have more credit card debt than savings. Households with credit card debt on average have about $15,000 in debt, and that makes it incredibly hard to make ends meet ... Read More »

How to Get Out of Debt. The Real Truth.

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People ask me questions every single day about how to get out of debt. Problem debt is a chronic problem that faces many at any one time. If you are facing debt, you are not alone. Normally the worry of debt is hidden by the perception everything this is alright. If there is no stress, fear or worry, there is ... Read More »

Dealing With Debt – It’s All Bullshit

it's all bullshit

So my friend Damon Day and I have this conversation all the time about how the entire debt world is all bullshit. It’s a very true statement, unfortunately. Until now I wasn’t sure how to broach the subject on the site. What the hell, let’s just jump in deep. The fact is people who are panicking about their debt are ... Read More »

How Getting Out of Debt Can Hurt Your Credit

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How Getting Out of Debt Can Hurt Your Credit (via Credit.com) A common concern you may have when searching for the best debt relief solution is how it will impact your credit score.There are many misconceptions about credit reports and the harm that comes from credit counseling, settling debt for less than what you owe and bankruptcy. Your credit report ... Read More »

How to Get Out of Debt of Any Kind

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How do you get out of debt? It’s a question lots of people are asking these days, and the reality is that the answer depends on what type of debt you have. For example, you may need a different strategy if you have 3 maxed out credit cards than if you have a student loan and medical debt. But not ... Read More »

What Getting Out of Debt Will Really Cost You

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When faced with problem debt people typically make an emotionally charged choice on how to deal with it. Generally the choice they make addresses their emotional needs but fails to logically solve the underlying math problem. This is a subject I’ve talk about a lot here. Today I want to talk about the real cost of getting out of debt. ... Read More »

The Universal Secret to Dealing With Debt

Big Scam Dog

For years I’ve asked people in debt this simple question, “Do you have a greater responsibility to fix the past or fix your future?” It appears Socrates beat me to the punch and asked the same question of people millennia ago. It seems this question of logical responsibility is one we’ve been asking since nearly forever, yet people in debt ... Read More »

How Not to Get Scammed by a Mortgage Loan Modification Company

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It’s easy to make you a victim and rip you off with a loan modification. People are willing to believe the wild claims companies make about being able to cut your loan balance or slice your interest rate. It sounds so good when the salespeople are pitching you. If you received a postcard or letter in the mail claiming you ... Read More »

How Do I Get Out of Debt Quickly? Change Your Mindset.

You don't ask the person who's house is on fire what the best way to put out the fire. You let the professional firefighters attack the blaze in an logical and rational way that will best put out the fire.

When people come to the realization they want to get out of debt fast or quickly they traditionally run into an emotional slap in the face and then want the pain of the debt to vanish – pronto! This leads them to fall for just about any old get out of debt scam or blindly believe the claims made by ... Read More »

How Do I Get Out of Debt? – Simple.

change your mind

Probably the most common question people ask me is “How Do I Get Out of Debt?” You would think such a simple question has a quick and easy answer. It does, and it doesn’t. Getting out of debt is actually a very easy process based in math. The numbers add up, or they don’t. Being in debt is most often ... Read More »

Get Out of Debt Fast, But Don’t Run

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Have you ever noticed in the real world, not the TV world, that paramedics don’t generally run to take care of patients? I was a rescued patient recently and it got me thinking about the logic behind why they don’t run and why. If paramedics aren’t running then there must be an exceptional lesson to be learned there and one ... Read More »

The Get Out of Debt – “How To” Guide Series

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Below you will find links to how to get out of debt guides I’ve written that give specific advice on how to deal with a number of debt related situations. If you’d like me to write a “How To” guide on a debt related subject I have not covered, just post your suggestion in the comments below. As new guides ... Read More »

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