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How does someone get out of debt?

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Anonymous

13y ago
Updated: 8/20/2019

By keeping track of spending. You have to focus on spending money on only the things you need. Attempt to expand your income and not to use credit cards.

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Wiki User

13y ago

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What someone owes to someone else?

debt


What someone owes?

a debt


Where can someone get advice about eliminating debt?

Someone can obtain advice about eliminating debt by visiting any branch of bank or credit union and having a meeting with the debt lawyer. The debt lawyer can offer great advice and plans on how to remove debt.


What are people called have a debt owed to them?

A creditor is someone who has a debt owed to them. The one who owes the debt is the debtor.


How can one learn how to reduce debt?

Someone can learn how to reduce debt from a number of websites such as Debt Canada. Debt Canada provides individuals and businesses with debt counselling services.


What is a good way to get rid of your debt?

There is no easy way to get rid of debt. Contact a debt management company to help you manage your debt or contact someone that is an expert in debt management so you can eradicate your debt as soon as you can.


When you owe money to someone it is called?

debt


What is it called when you own someone money?

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What is something owed to someone else?

debt


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Debt is a state of owing something (in this category the "something" would be money) to someone.


What is the difference between debt and loan?

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The best place to go for credit card debt would be a debt counselor. They offer great services to help you to get out of debt and save money for debt repayment.