Posted on August 28, 2009 at 12:13 am It's been quite a while since Ihave all these credit card debts and I am so frustrated by them!~! Is there any way you can advise me on How do I get rid of debt??? At this rate I might as well file for bankruptcy or something!!

Posted on August 28, 2009 at 1:20 am There are various ways to answer the question on "how do I get rid of debt?" If you have the necessary means, you may simply pay off your debts in full. If that is not possible, you may consolidate your debts: You can do at least one option of the following:1. Obtain a secured debt consolidation loan2. Obtain an unsecured debt consolidation loan3. Enroll your accounts in credit counseling4. Hire the services of a debt settlement company5. File for Chapter 13 bankruptcyThe best way to get rid of your debt is also dependent on your current financial circumstances and your current debt amount. We can help you out more if you wouldn't mind sharing your information on this forum.

Posted on August 28, 2009 at 3:03 am I owe around $9k on my unsecured debts and my mortgage and car loan are another story.... to be honest this is really bad and i'm honestly loosing sleep over this, really hope you guys can help

Posted on August 28, 2009 at 3:17 am PomPom~I'm sorry to hear about your current situation. Fortunately, it is possible for you to be able to set up an arrangement with your mortgage lender and car loan lender. You may need to negotiate or discuss some payment plans with them. Unfortunately secured debts such as these cannot be consolidated, given the fact that they are secured, and one of the best things that you can do is figure out a payment plan that you and your lenders may mutually benefit from. Who knows, you may still be able to keep your house and your car.Good luck!

Posted on August 28, 2009 at 4:09 am Pompom-- "How do I get rid of debt?" is a very common question that most debt-stricken consumers ask, and thankfully there are answers to address that.Given your current situation, you may also opt to enroll your unsecured debts with a credit counselor--that is, if the accounts are not delinquent and you are also capable of making monthly payments to your creditors. Undergoing credit counseling entails having a personalized budgeting plan with a certified counselor, and they'd be able to help you set up a long term management program in reference to your finances. They'd also be able to enroll you on a debt management program according to their discretion--that means, if they see you fit for the program. Once that occurs, you're only going to make one payment to the credit counseling agency each month, and they in turn will distrubute your payment to all your creditors.

Posted on September 1, 2009 at 2:43 am how do i get rid of debt if i am out of job

Posted on September 1, 2009 at 3:27 am Debt consolidation requires that you have a steady source of income so you can be able to pay for the monthly fees that the companies charge. As much as non-profit organizations exist, some of them require monthly payments aside from the payments that you, through them, will be making to your creditor. Bankruptcy is one way for you to get out of debt BUT it is only advisable when all opther options are exhausted.