I’d recommend YOU inc. I don’t mean to be overly sarcastic, but the best way to get out of debt (and stay out of debt) is to do it yourself.
Debt consolidation doesn’t fix the problem. It may reduce your interest and such, but many people that get debt consolidation loans continue to increase their debt.
Why? Because the problem is the person, not the interest rate. The problem is that people can’t control their spending habits. Debt consolidation will not solve that problem.
I speak from experience (as a person who was once in debt and is now debt free). Here’s the best method:
1) Live on a budget and use cash instead of credit
2) Live below your means
3) Sell stuff and get extra jobs to pay off debt
July 25th, 2010 at 4:45 pm
I’d recommend YOU inc. I don’t mean to be overly sarcastic, but the best way to get out of debt (and stay out of debt) is to do it yourself.
Debt consolidation doesn’t fix the problem. It may reduce your interest and such, but many people that get debt consolidation loans continue to increase their debt.
Why? Because the problem is the person, not the interest rate. The problem is that people can’t control their spending habits. Debt consolidation will not solve that problem.
I speak from experience (as a person who was once in debt and is now debt free). Here’s the best method:
1) Live on a budget and use cash instead of credit
2) Live below your means
3) Sell stuff and get extra jobs to pay off debt
I hope this helps.
Scott….
July 27th, 2010 at 11:10 am
Consumer Credit Counseling Service is the best.
July 29th, 2010 at 12:47 pm
Plenty of good advice here.
July 30th, 2010 at 10:49 am
Debt Consolidation - Get Out Of Debt