Posted on
August 27, 2009
at
11:57 pm
So, I'd like to ask all of you if I can get out of debt in as little time as possible... I do not wish to file for bankruptcy and I am well aware of alternatives that exist that can rid me of my debt! It's just that I am not well-versed in them and I need your expertise on these things. Thanks and have a good day
Posted on
August 28, 2009
at
2:39 am
The most evident way for you to get out of debt in as little time as possible is to pay it all off in one lump sum. But of course, that's easier for us to say, and much easier for us to do if we had the resources available. On the other hand, it may pretty much depend on your financial circumstances. In general, debt settlements are the fastest ways to get rid of debt, as it may take as little as a year before the debts are settled completely. Of course, certain qualifications need to be met in order for a debt to qualify for such.Could you tell us more abt your situation so we can help you out further?
Posted on
August 28, 2009
at
3:42 am
I have a debt ammount that exceeds what I currenly make... $35k... and i absolutely have no idea how to pay it back!!!!!
Posted on
August 28, 2009
at
4:13 am
Okay, could you be a little more specific? Are the debts secured or unsecured? How delinquent are these debts? Do you have disposable income? If you want to get out of debt in as little time as possible, you need to make some sacrifices--such as spending less on other things, and redirecting your budget on the basics, such as food, clothing, and shelter, and on more pressing matters such as your bills.
Posted on
September 1, 2009
at
2:42 am
I'll share my story too because i want to get out of debt in as little time as possible, i hope you can help me as wellI have $17k approx in unsecured debt, i am hardly getting by on rent, and mos of my unsecured debt are behind. i have a job but as you may know i am not making enough for my familyi wonder what can be done so i can get these things taken cared of
Posted on
September 1, 2009
at
3:24 am
Holamiranda: Do you have disposable income to spare? Because settling your debt is actually one option that you can take in regard to eliminating your debt. By settling the debt you won't be paying 100% of what you owe to your creditor. . . just a smaller portion of that instead, and the rest of the debt would be forgiven.
