Debt & Debt Consolidation: Video Series

Consolidating business debt requires first cutting spending, increasing income, making a list of how much is owed to who, making terms and repaying the debt gradually. Consolidate business debt while building up a more successful business with advice from a licensed financial planner in this free video on finance.

When creating a plan for getting out of debt, cut spending, increase income if possible, and start by paying off either the smallest amount or the highest interest rate. Slowly chip away at debt, avoiding further debt in the process, with advice from a licensed financial planner in this free video on personal finance.

Getting out of debt using a pyramid method requires making a list of all bills owed, paying off the smallest bill or paying off the bill with the highest interest rate. Add 10 percent to each bill paid to save money for the next bill with advice from a licensed financial planner in this free video on personal finance.

Writing off a bad debt refers to a collector who discontinues his or her efforts to collect the debt and writes it off, which creates a tax disadvantage for the person who owed the money. Understand what a debt write-off is with advice from a licensed financial planner in this free video on personal finance.

Debt consolidation can be beneficial for those who would like to create a new loan from all of the debt they have accrued, but contacting each collector first to work out a payment plan can be advantageous. Understand how debt consolidation works with advice from a licensed financial planner in this free video on personal finance.

Government funds are rarely available to pay off personal debts, but searching for a government grant can be used as a last resort after attempting to plan out debt relief. Find government funds to help out personal debt with advice from a licensed financial planner in this free video on personal finance.

Paying off debts fast requires an organized plan of attack to chip away at each bill gradually. Weigh your assets, sell a car or liquidate other unnecessary possessions to help pay of debt quickly with advice from a licensed financial planner in this free video on personal finance.

When choosing a debt consolidation company, consider using a non-profit company, as they have the clients' interest at heart, and beware of all too common consolidation scams. Interview with several debt consolidation companies to find one that fits with advice from a licensed financial planner in this free video on personal finance.

Getting a federal grant to pay off debts can be complicated, as there are many scams that try to sell the idea of readily available grants. Research federal grants thoroughly to help find a legitimate source of help with advice from a licensed financial planner in this free video on personal finance.

Paying off Chapter 13 debts is done by coming up with the agreed upon pay-off amount, which can be payed over a period from one to five years. Eliminate Chapter 13 debts with advice from a licensed financial planner in this free video on personal finance.

The best debt consolidators have the client's interest at heart, as there are many scam artist companies who charge a large amount of money up front. Find a non-profit debt consolidator with advice from a licensed financial planner in this free video on personal finance.

The best way to get out of debt is to come up with a monthly plan of attack by making a list of all bills, writing down how much is owed along with the interest rate and chipping away slowly at the smallest bill or the bill with the highest interest rate. Create an organized plan, setting aside money each month for bills, with advice from a licensed financial planner in this free video on personal finance.

Any kind of property can be used to pay off debts, so long as the collector has agreed to take the property as payment, but real estate is usually a more lucrative form of payment. Hear examples of property that can be used to chip away at large debt with advice from a licensed financial planner in this free video on personal finance.

Debt consolidation is the process of combining bills from various institutions or individuals and placing those into a single loan, which consolidates interest rates into a single bill. Consider debt consolidation as an option to help organize debt relief with advice from a licensed financial planner in this free video on personal finance.

Debt relief can come in the form of anyone taking responsibility for someone else's debt, whether it be a private institution, the lender or the government. Understand what debt relief means with advice from a licensed financial planner in this free video on personal finance.

Debt settlement can be a tricky game, as it can save the borrower money while simultaneously creating tax disadvantages with the IRS. Understand how debt settlement works with advice from a licensed financial planner in this free video on personal finance.