Negotiate a Debt Settlement

Give several ways on how you can reduce or eliminate debt?

? Thanks

Public Comments

1. quit buying stuff
2. Make payments...
3. Live below your means. Create a budget and stick with it. Pay a little extra on each payment directly toward the total of your debt (you may have to specify that it is not for the interest)
4. When you want to buy something, pay for it in cash. If you use a credit card, pay the complete balance when you get the bill. That way you eliminate the debt. bettyk
5. You don't give any indication of the size of the debt or of your disposable income, so this is in general: If you own property, take out a mortgage sufficient to pay off your other debts. Otherwise, If you have a decent credit card you can consolidate your debt, and thus have only one problem to concentrate on. Then spend nothing unnecessary until that debt has gone away.
6. The first thing you need to do is to pay off all your credit cards. Only buy what you really need. If you can save $25.00 or $50.00 out of each paycheck, put it in a money market account, you'll be surprised how much you will have in ten years. If you are a first time home buyer, get a low interest loan and invest in a home. Pay on it for five or ten years, rent it out and purchase another one. Good luck
7. You can consolidate your debts: Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan. http://debt-trap.com/category/Debt-Consolidation-Basics.html
8. 1. don't use your credit cards on as needed 2. pay with cash 3.don't go out to eat, cook at home 4. pay things u really need 5. save you money like 10% of your paycheck 6. any extra money u get put it into a savings account 7.don't get any more credit cards