Is it possible to get out of debt?

Definitely!

All of your debts will be totally eliminated if:

1. You win the lottery, or,

2. You die.

I'd recommend the first one, but that's just me...

+5

I used to help people do it for a living. Debt Consolidation is not Debt Negotiation. Negotiation is a really good option. You can pay back about 60 percent of your debt with low monthly payments and be debt free in 2-6 years.

I left the debt behind when I divorced my wife. I made sure everything was in her name so when the time came it was and still is all hers. Happy Birthday Marie!!!!

Not according to the song "Sixteen Tons:"

Some people say a man is made outta mud
A poor man's made outta muscle and blood
Muscle and blood and skin and bones
A mind that's a-weak and a back that's strong

You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store

I was born one mornin' when the sun didn't shine
I picked up my shovel and I walked to the mine
I loaded sixteen tons of number nine coal
And the straw boss said "Well, a-bless my soul"

You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store

I was born one mornin', it was drizzlin' rain
Fightin' and trouble are my middle name
I was raised in the canebrake by an ol' mama lion
Cain't no-a high-toned woman make me walk the line

You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store

If you see me comin', better step aside
A lotta men didn't, a lotta men died
One fist of iron, the other of steel
If the right one don't a-get you
Then the left one will

You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store

Yes, if you put paying off your debts ahead of your wants. It is hard but you have to cut back and spend only what you absolutly have to. I am almost out of debt now. I have only one bill left but it has not been easy living on a very low Social Security pension.

Yeah. Divorce the bitch.

Absolutely! You either have to win the lottery or you have to die. Unfortuneately, dying has higher numbers of success.

no, not for me. I am doomed to be in debt forever. omg.

Little debt sure, lots of debt maybe. Of course it depends on the circumstances.

Yes. Park the cards. Find free things to do. Change your life style. Quit "hanging out". Get a second job and "hang out" there. Do not loan money to anyone. Eat left overs. Quit smoking. Drink water, not soda. Buy burgers from Wendy's off the $.99 menu.
There is no shortcut. But call each creditor and ask for lower rates and ask for reduction in balance for payoff. File bankruptcy if you get no cooperation and the ticker keeps running.

Sure. Pay what you owe, or file for bankruptcy.

your almost never really out of debt but it can seem like it if you put yourself on a budget

sometimes its better to have debt, like if youre paying off a mortgage at the same price every month for 30 years, you get the benefit of inflation. if inflation increases more than your interest rate, you win.

Sure. Just takes determination.

NO!

Yes, but man it takes alot of work!

I'll let you know!

Yes, never get into debt in the first place. Never buy more than you can affort. If you're already in debt, arrange to pay off in installments.

I buy everything in cash, including my cars, and pay all my credit card bills on time. The money I save from paying interests, I put in my savings account for myself.

Yes. For people who do not make a lot of money it requires making a long, hard, sad, money saving plan. In my case, I spent almost five years of just working in order to pay, working in order to pay, and so on, just buying the basic items that I needed to survive.
It is not easy, even painful, but it can be done.

There are a number of ways you can tackle your credit card debt. If you want to get the creditors off your back without filing for bankruptcy, you can negotiate with your creditors or even hire the services of a credit counselor or debt settlement firm who will negotiate with your creditors and help you establish a payment plan.

Debt settlement is a program designed for consumers with serious debt problems who are unable to maintain payment obligations and are considering bankruptcy or credit counseling.

Debt settlement is the process in which you stop paying your creditors for some time and save that money so that you can then negotiate with them to settle the debt for a lesser amount. So it
is better to seek help from any reputed debt settlement company. Such companies can handle it properly as they are experts in that field.

http://freedomdebtrelief.com/debtreduction.php

yea. takes a while. i've never been in debt. no car, no house, no nothing. just stay clear from it.