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The only way to eliminate debt is to look at your budget. How much do you bring home twice a month? Deduct your food, rent and transportation. From that point, look at your debts to see how much is owed like the minimum of each card. Start with the smallest and work your way up to the highest. It doesn't matter how much interest is owned. If there is extra money after you figured out how much money is needed for necessities then put the rest of the money into a savings account. Use a worksheet to write down what you owe.If there is extra money to pay these creditors, pay them at least $5 more then the minimum if you can.
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∙ 13y ago
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Ways to eliminate debt?
pay it off
Ways to reduce or eliminate debt?
You can make a budget
How can you find information to eliminate debt?
The are a few different ways someone can eliminate debt. The best way would be to speak with a debt counselor that can guide you on your individual needs. You can also speak with a bankruptcy lawyer. Even if you do not want to file for bankruptcy, they can guide you on how to get that debt eliminated.
Can you file bankruptcy against a divorce order in North Carolina?
Whether you can eliminate a debt that resulted from a divorce decree will depend on the type of debt. If you owe child support or alimony from a divorce then you will not be able to eliminate the debt in bankruptcy. If the divorce assigned some debt to you as part of the divorce and it was not assigned as child support or alimony then you may be able to eliminate the debt in a Chapter 13 bankruptcy. Chapter 13 bankruptcy allows you to eliminate debt assigned to you that is in the nature of a property settlement and not child support or alimony.
What are recommended ways to eliminate debt?
There are several methods of eliminated debt problems. The one recommended the most is having a professional consolidate your debts and make sure a monthly payment is made on these debts.
What are some ways to reduce debt?
Don't borrow
What are some ways to reduce or eliminate hazards at a site?
select all answers
Where would it be possible to find information about how to eliminate debt?
There are many organizations and companies that have been set up to help one eliminate debt, to include Freedom Debt Relief, Consumer Credit, and the Debt Counseling Corp. Additionally, many websites like CNN Money, Frugal Living, WikiHow, and The Dough Roller have articles about how to eliminate debt through a variety of means.
Where can one find information about how to eliminate credit card debt?
There is a lot of online information available about how to eliminate credit card debt. There is information from the Federal government, debt consolidation agencies, or self-help information available online.
Can credit card debt be erased in Tennessee bankruptcy?
A Chapter 7 BK can eliminate credit card debt.
How do debt consolidators eliminate debt?
Debt consolidation companies do not eliminate debt. Do not confuse this with debt settlement. Consolidation companies simply merge all of your debts together into one payment a month that you make to them and sometimes lower interest rates. Debt settlement companies, however, negotiate directly with your creditors/collection agencies to settle debts for a lower, agreed upon, lump sum. This in turn gets you out of debt quicker.
Can you eliminate student loan debt interest?
In the US, the government will not remove the interest on student loans. They have too many ways of collecting. This collecting process will extend all the way to your social security.
