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Ten Ways to Get Out of Debt
By Nathan Dawson
1) Use your Assets If you have assets with some significant equity, such as a home or a car you may be able to use these to get control of your debt. For example, you could get a loan on your home sufficient to pay off your debts. You could be saving a considerable amount of money on interest if you pay off high interest credit card debt in return for lower cost debt.
If you have a car, consider selling it, paying off your debts and buying a cheaper car. Be careful though! Your don't want a cheaper car that will cost you a fortune in repair costs.
2) Get a Second Job Use the money from this job to only pay off your debts. List your debts noting the interest rates. Pay off the debts with the...
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