Finally Get Rid of Debt!

Wednesday, February 9, 2011

How to Get Rid of Debt Fast? Faster Than You Can Say Hippopotamus

How to get rid of debt fast? It’s a question that most people drowning in debt want to know the answer to. I wish there was a magic wand that can make debt disappear. The truth is getting rid of debt takes time and effort. There are ways to get rid of debt faster but there is no instant solution unless you win the lottery. Whenever you seriously become committed to eliminating your debt these steps should help you out.

Start using the debt snowball method- You should list all your bills from the smallest to the largest including minimum payment, interest rate and total balanced owed. Make a commitment to paying a little more than minimum payment on all debts. You should focus on paying off the smallest debt first. When you have accomplished that it will give you the drive and determination needed to get rid of all your debt.

Don’t buy what you don’t need- Take 15 to 30 minutes out of your day to jot down the things you buy that you don’t really need. You will be surprised when you realize how much money you can save by cutting back on your spending. Use the extra money to pay down on your debt.

Another source of income- I know working 40 or more hours a week is stressful enough but getting a part-time job would help you get rid of your debt faster. Extra income would enable you to pay more money down on your debt. Even if it is only working on the weekends you should consider it.

Get lower interest rate on your credit cards- Pick up your phone and call the number on the back of each credit card. Politely ask the customer representative if there is anyway he or she can lower your interest rate. Most of the time you will get your desire, just give them a call. With a lower interest rate you will be able to get rid of your credit debt much faster.

Change your attitude- You know in life having the right attitude will take you a long way. Don’t give into that self-doubt I can’t do it mentality. Condition your mind to think you can and you will become debt free. Debt is your enemy and you have got to destroy it before it destroys you.

Sometimes it is faster and easier to settle your debt with a debt settlement company. You have got to be careful when it comes to choosing one of these companies because some of them are not trustworthy! The only business I would recommend is Curadebt. Curadebt has an A+ rating from the Better Business Bureau, which is the highest available. Get a Free Debt Consultation Now


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