How to Get Out of Debt

Tired of being in debt and paying high interest rates on your credit cards?

Instructions

Difficulty: Moderately Easy

Things You’ll Need:

• a computer with internet access

1. Make a decision that you want to get out of debt and stick to it.
2. search for debt management companies online. a well-known one is CareOne (www.careonecredit.com).
3. call up the company and tell them how deep you are in debt. They will ask you certain information and pull your credit report. You should also have some knowledge of approximately how deep you are in debt. You should ask questions about the company as well.
4. Once you agree that you want to pay off your debt, you will be placed on a monthly plan. You must also be aware that once you enter a debt management program, you can no longer use your credit cards. That's because creditors provide very low interest rates when you do this as well as for making consistent payments through the debt management program.

Tips & Warnings

• Make sure you join a reputable debt management program. Check your monthly statements to make sure the funds are being applied.