Tag Archives: How to Get Out of Debt

How to Get Out of Debt. The Real Truth.

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, [...]

Was Going to File Bankruptcy But My Father Died Leaving Me Some Money. – Brenda

“Dear Steve, I have 4 credit cards totaling $29,000. Need more reasonable payments and lower interest rate. I recently had to take a pay cut and had surgery with 6 wks unpaid and I am now between 60 and 90 days late. I had a lawyer and was going to apply for bankruptcy but now [...]

How to Get Out of Debt Quickly So I Can Save for Retirement? – John

“Dear Steve, 60K in credit card debt. Annual salary approximately 130K. Able to make minimum monthly payments on all cards, but never significantly reduce overall debt. My credit card debt ranges from Nebraska Furniture Mart to Home Depot, Macy’s and Chase. Now that I make more money, I can pay the minimums, but I want [...]

How to Get Out of Debt of Any Kind

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 [...]

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

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 [...]

I Want to Know if Debt Settlement, Debt Consolidation, or Credit Counseling Work

“Dear Steve, I owe $52,000 in credit card debt. I want to know if Debt Settlement, Debt Consolidation, Debt Counseling etc….Do any of them work? I do not want to file for bankruptcy. I have not missed any payments but mostly minimum payments. In the mail I get all kinds offers for Debt this and [...]

Get Out of Debt Fast, But Don’t Run

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 [...]

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

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 [...]

I Will Never Get Out of Debt, Will I? – Joni

“Dear Steve, Credit card debt totaling about $50,000. High interest rates. Payments made on time but I want to consolidate and lower interest rates. I have 2 credit cards with high interest rates (17%+). One is about 17K and the other nearly 10K. Both are not willing to lower their interest rates even though I [...]

How to Get Out of Debt in Three Big Steps

As a consumer debt expert I deal with questions from readers on a daily basis about how to get out of debt. It’s a short and simple question that becomes easily overpowered with a lot of emotions and information that clouds the issue. Getting out of debt can be broken down into these major steps: [...]

Matching Financial Tactics to Your Goals. Don’t Think Like a Race Car Driver.

The other Saturday I went to the drag strip with some friends of mine. It’s an annual event for us. We’re a bunch of car enthusiasts who get to spend a day with some truly amazing equipment. For those of you who are not familiar with drag races, here’s a brief explanation. Each race is [...]

How Do I Dig Myself Out of This Debt?

“Dear Steve, I owe $4600 in collection account that I am currently paying payments on. I owe $1600 to a friend. And I have 4 credit cards that are now sold to various people that I haven’t paid on in 2 years. I currently have finally gotten to the point of having $550 to use [...]

I feel like such a loser because of my debt. – Sophia

I feel hopeless.. Don’t see a way out of this big black debt cloud I am under.. I have tried many ways to resolve my debt but nothing is working.. my last thought was to refinance my house and use the equity to pay off some bill to resolve a small portion of the debt… [...]

Living in Apartment With Bills. Getting Married Soon and Just Got Big Inheritance. – Keith

“Dear Jon, I’m 31 years old, living in a rental apartment. I’m single but thinking about proposing in next 6 months. I just got my auto loan in August $20K with no money down and a low interest rate from my credit union. Had a bankruptcy in 2001(Medical Bills) Potential engagement coming How do I [...]

Recent college graduate with public service job needs to eliminate debt. – Rosy

Hi Get Out of Debt Associate, My name is Rosy, and I am in debt. I finished school in May and I have a lot of credit card debt, along with school loans debt. With the school loans, I don’t feel too bad because I don’t have to pay for it until a couple of [...]