Debt Problems

how to solve debt problems?

Public Comments

1. www.prosper.com
2. what problems are you facing? need more info
3. It would depend on the nature of the problem. In general, create a budget & stick to it. Don't spend more than you can afford to pay. If you are behind, contact each creditor and explain your situation and see what types of alternate repayment plans they offer (if any). Prioritize your debts (things like rent, food, health related & reasonable transportation first) and pay them as best you can. Don't buy non-essential items. Eliminate non-essential expenses (cable tv, subscriptions, etc). Those would be my best suggestions without knowing more.
4. You gotta live on your income. Budget for your income and for paying off debt. It may take you awhile to pay off the debts, but it will work. I used to have all kind of credit card debt, now if I charge anything it is paid off immediately. Good Luck.
5. Repent, repay, reprioritize
6. Beg at your family/friends. Work hard. Swap the gaz guzzling SUV for a small 8 year old japanese or european car. Use bike in stead of the gaz guzzling car. Move to a cheaper house. Ask churches (and the like) for food. Sell the computer you used to use anwers.yahoo.com, unless you need the computer for your job. If it succeeds, and you're out of debt: NEVER EVER loan. NEVER EVER buy things if you can't pay for it immediatly and fully. No car, no washing machine, NOTHING.