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How did you pay off your debt?

Date: Tue, 06/22/2010 - 22:38

Submitted by anonymous
on Tue, 06/22/2010 - 22:38

Posts: 202330 Credits: [Donate]

Total Replies: 3


My credit isn't high at all and I'm trying to pay off my debt and restore my credit. How did you guys do it? Was there a way you all got a loan to pay everything off or what? Any help would be great. Thanks!


The money to settle can come from anywhere. Here are some of the things that people have done to come up with the money to settle their debts.

When you quit making payments, save the money
Sell items that you already have - atvs, motorhomes, trailers, extra cars, jewlery
Get a 2nd job and save the money
Take the money out of a 401(k) this is taxable but gets you out of debt
Borrow money from relatives

I'm sure others will post additional ideas.


lrhall41

Submitted by Debt Free to Be on Wed, 06/23/2010 - 06:53

( Posts: 412 | Credits: )


Greetings "Unregistered ",

When you finally realize that your ship is sinking, it's time to chunk the extras overboard. If you can turn it into cash....it's gone.

If you've got a garage full of stuff....sell it!
Your cars might actually fit in there!

The easy stuff is to say adios to cable tv, bottled water, eating out (unless it's in your backyard), vacations, movies, etc.....

Say hello to a new way of thinking.
Got cars that you think that you can't live without?
Not me.....it's a ride not a lifestyle. find a good beater.

I got so cheap that folks said that I was splitting pennys in half to make it happen.
Saved up a little money for settlements during the timeout on the cc's.

Found stuff to buy cheap and resold it for more money.
That was and still is fun.

You know there's a lot of pre thought and stress that goes into debt settlement and the same can be applied to your situation.

But now that I'm rehabilitated and looking back; it was a incredible transformation!

Please realize that we've all been there and had to do it.

Best of Luck.
Regards,
King "Kash" Jabba Labba


lrhall41

Submitted by King Jabba Labba on Wed, 06/23/2010 - 09:29

( Posts: 507 | Credits: )