Posted on April 7, 2009 at 4:52 am 7. Never tend to buy luxury items on debt or EMIs when you can do well without them.well, i always have problem with these.

Posted on April 9, 2009 at 8:35 pm These are very good tips.  I also read a good article recently at http://wallrd.com/viewtopic.php?f=6&t=9

Posted on April 16, 2009 at 8:19 am Nice tips! What I learned after paying all my debt is discipline in spending my hard earned money.

Posted on April 18, 2009 at 7:58 am stop too much of things that are not necessary.  budget the money in hand.

Posted on April 18, 2009 at 3:45 pm I tried calling all my creditors to lower my interest rates.  Only one lowered it, by like 2%.  So, I went through a credit counseling agency and got my three credit card rates lower, two my 10%.  If you can't do it on your own, this is definitely a better solution.  I got my Discover Card which was a 24% lowered to 10%. With $5000 balance, that's a huge chunk of change.   I just filled out a free quote thing on the debtdiversion web site.  --Lena  

Posted on April 28, 2009 at 10:59 am Hey subha12 You have posted very good tips  I like it , Keep it up

Posted on May 30, 2009 at 8:55 pm Some simple tips that can be helpful for getting out of debt:1) Determine how much of your credit card debt you are paying off each month. In order to do this you will need to figure out what portion of your monthly payment(s) is being applied to the principle and what is being applied to cover interest. If you need help, you can use an assortment of debt calculators that are available to anyone by doing a search on Google. Type in "debt calculators" in the search bar and you will be all set.2) Sit down and write out a monthly budget. Determine what expenses you have to account for, and what you may be spending that you really could apply to your debt. Establish a strict budget and stick to it- it will mean that you will not be able to "splurge" but it will indefinitely allow you to pay off your debt faster. 3) Consider selling any items of value that you have (but don't really need to get through day to day life) and using the proceeds from those sales to pay off some of your debt. 4) While debt is a fairly sensitive subject to deal with and talk about with other people, you should at the very least consider asking a family member or friend if they would be willing to help you out with a personal loan to pay of some or all of your debt. 5) If you feel like things are totally out of control, it may be necessary to seek professional help from a reputable debt relief company. Again, you can do a search on Google to find out what companies may be suitable for your situation, or you can fill out a form on Destroy Debt and they can match you up with a qualified provider.