How To Get Out Of Debt Fast? Help Needed
Posted on July 12, 2009 at 10:28 pm
Posted on July 13, 2009 at 2:05 am
i just want to get out of debt fast and i hope someone can give us clear and concise details on ways to do so
Posted on July 23, 2009 at 10:15 pm
i'm also considering ways to get out of debt faster and i found out that there is such a thing called debt consolidation. how long does it take for me to consolidate debt?
Posted on July 23, 2009 at 11:33 pm
It depends on which type of debt consolidation you're aiming for. The ways to get out of debt faster vary much--but right now, the quickest way that I know of is thru a debt settlement. When you hire the services of a debt settlement company, the loan will be paid off between 1-3 years. Debt consolidation loans may do the trick quicker for the short term, but that doesn't really get you out of debt, because it entails paying a debt to pay another debt.
Posted on July 28, 2009 at 4:00 am
how long will it take for a debt counseling thing? i am interested in that method too because i heard it can lower the interest. is that true?
Posted on July 28, 2009 at 5:44 am
Yes, it may lower your interest, but the payoff may take five years. It's not exactly the fastest way to get out of debt.
Posted on August 10, 2009 at 5:00 am
Ways to get out of debt faster...I'm afraid that there is no direct answer to this as it depends on the consumer's financial situation. However, generally speaking, and as with seemingly insurmountable problems...the solution may come in the form of a system.
Eliminating debt or reducing it, if done systematically, might qualify as a way to get out of debt faster.
One of the ways to do so is to tackle debts with high interest first, negotiate the interest rates, put more effort into paying it down--then tackle the next set of debts.
Posted on August 10, 2009 at 5:03 am
I agree with you there, although sometimes, the consumer just thinks that he/she needs to get out of debt faster, when in fact, he/she just needs to get out of debt period--and there really is no time pressure to do so. You know what I mean? Time pressure means that he/she has already received a judgment lawsuit, a foreclosure notice, car repo..eviction..etc.
Posted on October 11, 2009 at 11:31 pm
Would you consider filing for bankruptcy as one of the ways to get out of debt faster?
Posted on October 12, 2009 at 2:44 am
Would you consider filing for bankruptcy as one of the ways to get out of debt faster?Not really, because it'll take a month or so before your debts would be discharged. Besides, not all debts can be discharged.
It will also prove to be more difficult to get your financial life back in order if you think you are to get our of debt faster thru bankruptcy.
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