How to Get Out of Debt

This article was a very good article and it always helps to know that others understand your position.  Especially when you go to look for an apartment and they treat you like they have no problems.  In my search for an apartment in Utah I ran into some very rude young people and my job is equal to or better than theirs.  I very much appreciate your article.

Can you offer any tips on paying off debts? When trying to voluntarily make payment arrangements to pay off credit cards that have gone bad, the debts put so much pressure on you to pay more than you can afford monthly, and they don’t want to hear what you can afford.The pressure is enormous, and you end up giving up when all you want to do is make good on a bad debt. Can you help?

Can you offer tips on how to get your creditors to lower you interest rate. I have had the worst luck in the world and one has just raised mine to 35 percent for paying after 4pm (it is a new bus.day)

My husband and I had 780 for our credit always for 11 years of our marriage. He has owned a business since 2000. Now all of a sudden because of Michigan’s economy, he has had no work come in since November of 2006. He owns a construction company. He is like 1 of the many who are having major problems right now with business. I went out and got a second job. He has not be able to get a job or find work for his business. Now, because of this we have had to put up our house for sale(which good luck selling it in Michigan right), we have credit at 583 because of some missed payments on credit cards, we are just barely making it by because I am paying on everything(I have made sure our house payment, utilities and vehicles have been paid on). We want to move to Tennessee because there is work there for him. How are we suppose to move and be able to get an apartment?? What should I do about our credit??? What should I do about this situation we’re in? We can’t help what’s happened with the economy and with his business?? We do not know what to do-claim bankruptcy??? yes/no. All of this has just happened in a period of about 6 months. My world has collapsed on me. I feel really lost and hopeless right now. Please help!!!!!

i am only 26 years of age and my credit is terrible and i have alot i would like to do with my life HELPPPPPPPPPPP!!!!!

MY CREDIT IS SO SO BAD… PLEASE HELP ME

My credit is not at good standing.I would like for someone to please help me if possible.I’m a young single mother with two kids trying to make it. I sometimes get turned down to many things due to my credit.PLEASE HELP ME!

I would like your help to get me out of dept.

To all of those who commented that they need help tackling credit card debt. You should check out Suze Orman. She has a show on MSNBC every Saturday @ 9 p.m. EST. She also has many books (including “Money tips for the young, fabulous and broke” and a website www.suzeorman.com. It has great tips for getting out of debt and any other topics related to money. And they are real tips for REAL people..not those that tell you to put $20 a day towards debt…if we had an extra $20 a day we probably wouldn’t have debt! Definately check her work out! Good luck!

all those crying out for help should call CCCS. ( I actually forgot what the acronym stood for-i’m guessing Consumer Credit Counseling Service) They are great! I was in tears on the phone with my counselor and she just worked with me to create a plan that I can live with to pay down all my debt. I am confident that I will be able to end this debt cycle and enjoy my life without guilt over bad debt. Make the call.

This article was a very helpful to know that others understand the credit position, or live mortgage transfers.

This article was a very good informative and helpful about live mortgage transfers

I’ve been living abroad for about 6 years now. I’m planning on relocating back to the states. In the past I had a lot of debt, but 2 years ago, I paid everything off in full. My credit score is in the 600 category. I need to rent an apartment when I move back, but can’t establish anymore credit from overseas. I just opened a savings and a checking account in the states, but can’t open up any credit cards, or a loan to jumpstart my credit. What do I do? Please email if possible.

I used American Credit Foundation to help consolidate my credit card debt. The website is www.debtguru.com and they were great at minimizing interest rates and working with the companies to lower the minimum payments. I went from 6 different bills to only one. There was like a 30dollar charge for it but the interest I saved was so much more than 30 dollars. It really helps to have only 1 bill instead of like 5 to 8.

How can one ESTABLISH credit? Do we need to open a credit card account? I heard that spending a little on creditc cards and paying it all off when the bill comes is good. Is that true? I’m turning 18 a few months before college starts and will be apartment hunting for college.

Just wondering how fast your credit rating changes? If I were to make serious payments on my credit cards now, how long does it take before my credit rating goes up?

I don’t have any credit cards but I still have bad credit. Are the agencies for those with credit cards only?

My credit was flawless all of my life until I got sick and my husband left with our business and most of our assets. I am not only disabled and penniless, but I have tons of community debt related to the business and home we were building together, and b/c I had no way to pay, I haven’t addressed it in the almost 4 years since my divorce was finalized. I’ve heard that some debts can be forgiven after a certain amount of time passes esp. if you have no way of paying. Can someone rebuild their credit by starting out with co-signers? At this point no kind of payment plan is realistic b/c I have almost no income.