Paying Off Debt
 Easy Ways to Pay off Your Debt

OK, You know it's time to stop fooling yourself and start paying off debt! You are ready to tackle it, and put a plan in place.

But how to you go about doing that? Below and on the previous page and the next page you will find some great tips for paying off your debt.

To jump to a section that interests you - Click here for a summary of the ways to pay off your debt (right hand side of this page - Otherwise scroll down to see all of the ideas.

Sell Items You Don't Use

Look for items in your house that you don't use, or don't want anymore. Sell these items in a yard sale, on Craig's List or on Ebay. Use every penny you make as "extra" payments on your debt. Items you are looking to sell could be:

• clothing
• children's clothes or toys they have grown out of
• Collectibles
• small appliances you don't use
• books you have read or other items on Amazon.com or Half.com
• CD's you don't listen to anymore

Increase Your Monthly Income

Find ways to increase your income, and put ALL of that increase into paying off debt. Some ways to increase your income:

• Ask your boss for a raise
• Get a part time job
• Start a home business ***
• Become a mystery shopper
• Sell your photographs online
• Start a website like this one
• Start a network marketing business ***
• Write articles
• Get advice on paying less tax

*** Caution - beware of scams and remember that paying out money doesn't mean you will make money quickly or that it is a legitimate business opportunity!
 

Negotiate With Your Credit Card Company

Get out your statements and agreements with your the companies you owe. (Use the Debt Schedule provided in our Easy Tools Section)

Read the fine print and really get to know what the "games" the credit card companies play. Find out what the interest rate is, what the fees are.

Call your credit card companies and tell them you have been offered new credit cards at lower rates and ask them to reduce your interest rate and your fees. Many companies will negotiate with you. If they say no, then tell them you will be closing your account and transferring the balance to their competitor that offers better rates. Ask to speak to a supervisor as they may have more authority to reduce your rates. Go for the gold - ask them to cut your rates in half!

Continue to <previous>  Paying Off Debt Page 1, Page 3, <next>

Go to Top