Help to Get Out of Debt
May 23, 2008 10:55 am Random ReviewsDebt is a huge problem in this country right now. I don’t about the rest of the world, but it seems that we United Statesians have a real problem with wanting to spend more money than we have.
I encourage everyone to do all they can to get out of debt. My wife and I have been working on this for the last couple of years and every time we pay something off it is such a liberating feeling.
The good thing is that there are services out there that can help you to stop debt from ruining your life. One such company I came across is ACA. They have a full resource guide and will give you a free debt consultation on the phone. Sometimes you just need that little bit of extra help to make the right changes, and companies like this might be able to help you.
The Country is Swamped in Debt
Getting a Handle on Your Debt
Is Debt Getting Out of Control?
Getting Your Credit Started
Getting the Right Credit Card
tags: reviews
Yes, debt is a huge problem. So many people have it though..go figure.
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You are right that many Americans do spend more than they make and thats the reason why everyone is in debt and getting their homes foreclosed on. They buy homes they could not afford in the first place. They buy cars that they can’t afford. Why do people have to have the newest cars? People should be taught in high school and college about learning to live within their means.
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What is ACA?
I know this is just a paid post that you hammered out, but that doesn’t mean it has to be worthless! I’d love to know more about the company and what they do
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I have been spending quite a lot and I am in heavy debt now. To pay off all the debt I need to take on several jobs and now I simply don’t have time for myself anymore.
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US society is a spending society. If not, US would not be where it is now. It sure does suck for all those people when economy is in recession, but it usually goes quite well. Now, its hard to shake the habit and stop spending when the time is rough. I guess its up to every individual to solve this problem.
A bit off topic here, but some things people buy…its just ridiculous. One of the weirdest things I can remember now is a gadget that helps you watter plants. You dont have to reach the plant that is right under your feet, but you have a tube to sip the watter in so the watter flows to the plant. It’s a 3 feet piece of plastic. And people buy it. Heh.
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The tip I received for getting out of debt was simple: don’t borrow money unless you are buying a car or a house. This, however, was a lot easier said than done. I guess it’s just a question of lifestyle, and how much a person spends or earns.
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I have been working for years and now making some progress in paying off most of the debts like car loan, house loan and some others.
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It is not only in US but other country also facing the same problems. Due to high rates on gas and some lifestocks, people will need more money than ever. This is why debts is increasing rapidly. A wise decision on what to spend on is important.
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It’s a fact that Americans spend more than they make and thats the reason why everyone is in debt, also the credit system pretty much ALLOWS you to be in debt. I was in debt for over 2 years and when I suddenly got it all over with, yes, it was a liberating feeling.
Good Luck.
Octo
Octopus Travel
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I am also fed up of the debt which I am trying to payoff from the last five years. I have got motivated after reading the blog which would surely help me.
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People in similar societies have similar aspirations and stupidities and hence have similar problems. We face the same dilemmma in our country. Thank you for the information. BTW what is watter bissel.
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It seems young adults get in more trouble with debt because they need everything their parents have. Thanks for the post!
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I agree that US is a open, free and spending society but every individual shall keep expenses under control, we all shall save some money eso when the problems comes (like a job loss) we can live sometime while doing adjustments. I urge my family and friends to keep at least 3 mnonths expenses saved.
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I guess, to get out of debt is discipline and control.
I’ll try to check out this company. I want to get out from debts also.
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I really wonder sometimes, since we seem to base our entire economy on “theoretical money,” like credit cards. It’s all on computers!
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Be in dept cannot only for the person itself grow into a big problem, but also for a whole economy in case of a heavy slowdown. In such a case a domino effect happens and all becomes worse
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It’s not an exclusive problem of United States. Here in Brazil we not only have the habit of spending more than we make money, but the market stimulates that by offering credit even to inexpensive products. People tend to think in terms of ‘will the monthly payments fit my budget?’, yes?, so let’s do it!!!
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Also, if you get a slightly higher paying job, it feels very good that your efforts make that much more of a difference.
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I totally agree. We just have to start making in changes in our own life. For example-instead of eating out-making your own food at home (it is healthy and cheaper) another thing is avoiding using your car too much-if the grocery store is near by just walk..when grocery shopping try not to buy name brands etc..thanks for this great info
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The United States government pays more on the interest of its loans than it does on homeland security and education combined. And that’s just the INTEREST, not even the principal! This country really is going down the hole, I’m happy I never have and never will be in debt, because I am good at managing my finances.
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debt is a whole i nevar want to crawl into… it just sucks all your moneys up! :s
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Very rightly said,People most of the times get into debt just because they easily get loans and do worry about the future and how they are going to repay it.
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and as they say, the first step to wealth is cutting your credit cards…
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Debt can be a scary thing. Once you are in over your head, you can have a nightmare of a time digging yourself out. I have found that it is imperative to establish a game plan on paper, hung somewhere in your house, to play by. It helps a lot when trying to tackle your debt problems.
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Well yes i am totally with you its all sucks
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Debt sucks. One of the best teachers I’ve heard on getting out of debt and living a balanced financial life is Dave Ramsey; he teaches common-sense financial advice. It’s really common sense not to spend more than you earn, but Americans as a whole (myself included) practice this like there’s no tomorrow. It sucks, but it’s a habit, and until we change how we think about it, we won’t change our spending habits.
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I can tell you that getting those credit cards paid off is an incredible feeling!
It is absolutely amazing to me how much worse this is in the U.S. than in other countries…a by-product of the ‘gotta have it now’ culture you think?
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I don’t love debts so loans. Looking for my not long life, I can say that I didn’t get any loan, but my parents did. And I don’t like this, cause I know how this is hard to pay every month some money. And the main thing you should pay some extra money for loan %… So firstly think, before you’ll get next loan.
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People get into debt these days because everything is offered on credit and it is especially hard for the youngsters to resist.
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Another good resource? Self control. Just walk out of the store, you don’t have to buy everything you see.
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If you have a company, one way to help you get out of debt is by taking your company public allowing you to raise capital in the hundreds of thousands of dollars.
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You’re absolutely right! Getting out of debt is very important, though it can be a real struggle for many people - especially in the U.S. Thanks for sharing the info about ACS.
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I’m going to try avoid debt with everything in me from now on. Don’t know if thats even possible.
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Debt can really be a bad thing. I’d encourage you to never be in debt unless its with a home or car.
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Debt is horrible. My friend was in debt up to about $15000 and is still struggling along to get it paid off.
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One of my friends was so deep in to debt that she had to get a divorce..it was horrible..money can influence marriage sometimes..
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talking about money problems..what about the economy these days..horrible!
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