How can I get out of debt in 12 months?

Submitted by Anonymous (not verified) on Wed, 10/22/2008 - 18:21

Ok, so you have a lot of debt, and it seems like it's going no where. You pay your credit cards every month. What do you do? I am in the final stages of completing a course right now that will teach you how to pay off your credit card debt in 12 months. So, in order to make sure I don't leave any rock unturned, I want to know your questions on this? In exchange for your question, you will receive a free digital copy of the course when it is completed. Completion time will be in about 2 weeks. Just visit the site below and enter your question. No tricks, no gimmicks. Just want your most burning questions about paying off your debt.

Thanks,
Bena

Oh, please.
No one needs a course to get out of debt. The only thing needed to get out of debt is a will power and stick to a budget.

Thu, 10/23/2008 - 12:42 Permalink

I agree with you 1002543. This forum has in fact a lot of discussion on how to get out of debt. Moreover, prevention is always better than cure and so one should always try to keep his/her expenditure under control. Most people fall in debt only because of their spending habits on the credit cards and soon become delinquent as they fail to repay them back on time. This delinquency gets reflected on the credit report and lowers the credit score. However, the effect on the credit score is even far more worse if the creditor brings judgment against you to recover the debt.

Fri, 10/24/2008 - 11:53 Permalink

How many times have been gotten on this fourm, to tell all of us a 'magic' way to get out of debt? We all have our own issues,and the 'next' person doesn't know what they are..except us. So....that's, ALONE, should be a good reason to do repairs ourselves. Hope this makes sense to ya'll.

Fri, 10/24/2008 - 13:18 Permalink

The only way to get out of debt is to spend less than you earn.

Mon, 10/27/2008 - 15:42 Permalink

What about those who have bills that equal MORE than their income? There is someone, on this forum, who is having that problem. Just trying to 'talk her through' different issues.

Mon, 10/27/2008 - 16:25 Permalink

I would be interested in taking a look at this anyway. I think the best way to get out of debt is to educate yourself, examine where you are, be honest about it and attack it from the front, head on.

I don't think it hurts to examine all possibilities, who knows there may be something in there that we did not think of. I would love it if you would pm me the link please.

Sat, 11/01/2008 - 03:19 Permalink

Hi Chargers
If you have outstanding bills more than your monthly income, you need to come to a repayment agreement, which should not exceed more than 75% of your monthly disposable income so that you can have at least 25% to survive. So I think that if you have a huge amount of debt, you can go for a debt consolidation loan which would be easier for you to repay because of the low interest rate on such loan. However, you can get a good interest on debt consolidation loan only if you have a good credit score.

Sat, 11/01/2008 - 05:13 Permalink

Hi jtrenton
I agree with you. One should always keep track on spending on credit card debts and repay them back on time. Doing this, you can not only manage your debt properly, but also maintain a good credit score. However, I think that one should always save at least 25% if his monthly disposable income for future emergencies. This will prevent you from taking payday loans which generally push people to vicious circle of debts.

Sat, 11/01/2008 - 05:30 Permalink

I only use mine to establish a payment history, I have one small retail card, usually only has like a $30 balance.

Sun, 11/09/2008 - 16:33 Permalink

Thats a really good idea GN. I also agree with Carol. I know it is hard to save at times like these with the economy they way it is but even of it is just afew dollars a month that can add up to quite a bit overtime. One thing noone wants to mess with is the payday loans. Tht really can start a vicous cycle. It seems easy enough to just go get the money but at the interest rate these places charge you could be way in over your head in no time.

Sun, 11/09/2008 - 22:56 Permalink

You're living paycheck to paycheck and it's causing a lot of stress. Bills and credit card payments are eating up most of your income. You know you need to rid yourself of debt and save some cash -- a cushion of three to six months' living expenses to use in case of emergency. And you'd like to begin investing on a regular basis to build some financial security.

Thu, 10/22/2009 - 18:11 Permalink

I honestly feel that having a savings account & credit card debt at the same time isn't really doing you any good money wise. Personally, I think that its a great idea for that nest-egg fund for emergencies. But, then when you are paying higher interest rates on credit cards/loans [minus mortgages & such] than you are earning in your savings account then you really arent utilizing your money the best way.

First you need to pay off the interest-burning cards/loans. THEN add to savings. That is the best way to go about it, in my opinion. Of course, having the nest-egg is necessary if you arent budgeting for things like car issues/maitenence and things of that nature.

I'm sure not everyone would agree, but that is my opinion. I feel after you have a little nest-egg built up. Pay off your cards by chipping away at it a little every month. as much as you can.

Gosh, i hope that wasnt confusing.

Thu, 10/29/2009 - 05:10 Permalink

One thing you should examine that if we repay our cradit on time,we always live stable. you should always try to minimaise the expenditure that is help to you to pay interest on monthly.
You should think about your income. On your income you should pay your interest.

Sun, 11/15/2009 - 12:52 Permalink

Definately you can get out of debt provided you have proper budget. The budget planning is playing important role in removing out from debt.

Saving money for the future and earning more money will also impact and help a lot to get out of debt.

Sun, 11/22/2009 - 12:08 Permalink
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Tue, 01/08/2019 - 14:42 Permalink
WalterCriva (not verified)

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Thu, 08/01/2019 - 18:23 Permalink
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Tue, 09/03/2019 - 00:38 Permalink
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charmdatereviewspox (not verified)

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get the profile 'write'

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Independent single women top tip: Be self-assured and confident and smile, Because when you smile you essentially have a positive attitude.

Be polite

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Mon, 09/16/2019 - 17:23 Permalink
Andrewunalo (not verified)

Russia's method to buy turning down number of people

another russian baby safe and sound supplied into worldwide can be described as satisfied festival for all, in fact Russia's governance, normally places importance greater number of these children are the answer to the nation's intense culture tragedy. cbs development correspondent electronic Palmer says.

our year, Russia's population is at under 143 million, But the right way to getting smaller due to the 1991, And is still decreasing by about 800,000 men and women your yer.

ruskies girls endurance is truly 74 a lot of years, but rather ruskies gentlemen, lots of great people who smoke,tobacco users and as well consumers, Have a common life expectancy within solitary 60 extended on par via Pakistan, or perhaps Bolivia.

this regressing number seems to have Russia's governing this upset it's wanting to offer a $10,000 advantage to whatever european lovely lady who would most likely like to have a second child.

The first extra certificates were awarded promptly this is what year in a more sophisticated rite staged for materials which will advertise the software program.

many years beyond therefore, parents like for example Ekaterina Sisova is able to company by the qualification for the purpose of $10,000 worth of legal services for a young children, for example certification and so casing.

several the entire family who finalise on a second child say your little one additional isn't a componant.

Masha Makienko use to have Alexandra 4 years in the past, well then that she owned Arseny ultimate the winter season, For the simple reason that your girl and your girl's his conversation belief hoped for a greater family group.

but you are the exceptions.

this close it is said produce other items as compared significantly more a child.

"many things we must always reduce ahead of. We have to do this, We needs to have that, we need to set up a business, Build property. right we must look ahead to improve seasons, " reported maxim.

Russia's governing has built a growing budget within the last few decade. unfortunately are either way it doesn't have were able to inspire the particular growth necessary to keep it safe and natural,AlternativeHeadline,null}

The first special certificates are already gave soon the foregoing year in a more elaborate rite taking place to media channels so that you advertise the application.

many years against this time, mums these Ekaterina Sisova definitely will sell within your official document for the purpose of $10,000 worth of companies her or his small children, these include degree and even lodging.

but many couples who decide on a second child say her infant bonus offer isn't an aspect.

Masha Makienko offered Alexandra 4 years in the past, also your girl had Arseny this past winter weather, For the straightforward belief that lindsay and belarus beauty the ex life partner maxim needed a greater family group.

but you are the exceptions.

unique best friends they claim belarus girls produce other things as opposed to other youngsters,children's.

"many things much more offer preceding to. We have to do this, We have to do that, we need to establish a business, Build investment property. o. k,now we must loose time waiting for considerably better particular times, considered that maxim.

Mon, 09/23/2019 - 21:57 Permalink
Steve Brown (not verified)

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Wed, 09/25/2019 - 00:14 Permalink
Steve Brown (not verified)

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Wed, 09/25/2019 - 00:16 Permalink
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Mon, 10/28/2019 - 15:26 Permalink
Doris Mejia (not verified)

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Wed, 10/30/2019 - 09:46 Permalink
Jim Scot (not verified)

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Thu, 10/31/2019 - 19:06 Permalink
Monique Solis (not verified)

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Fri, 11/01/2019 - 10:25 Permalink
Dowain (not verified)

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Sun, 11/17/2019 - 22:39 Permalink
Fatima Lessa (not verified)

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Tue, 12/03/2019 - 07:44 Permalink
Gladys Walker (not verified)

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Wed, 12/04/2019 - 11:45 Permalink
Gladys Walker (not verified)

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Wed, 12/04/2019 - 11:46 Permalink
Gladys Walker (not verified)

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Wed, 12/04/2019 - 11:49 Permalink
Tracy Allen (not verified)

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Thu, 12/12/2019 - 14:34 Permalink
Marie Mays (not verified)

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Wed, 12/18/2019 - 10:42 Permalink
Mila Henry (not verified)

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Thu, 12/26/2019 - 06:31 Permalink
Mila Henry (not verified)

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Sat, 01/04/2020 - 13:06 Permalink
Eric Sather (not verified)

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Mon, 01/20/2020 - 15:07 Permalink