Debt Problems

I am $65k in debt..what is the most effiecient way to get me out of it?

I am not looking to not pay back my debt, I want to pay it back since I created it but I want to find a way to pay only ONE bill. Right now I have a bunch that I pay each one each month. Is there anyone that knows someone that lends a lump sum? I don't own a home so a mortgage would not be the answer. Thanks so much for your help.

Public Comments

1. The only way is to do debt consolidation but that will still screw up your credit and they will also charge you money for it. The best thing to do is to get a part time job and tackle all the small ones first. This is the only way I would know how.
2. Then you will be in more debt!
3. no one will lend you that much unsecured debt - get a second job, a roommate, cut out cable TV, etc
4. It's great that you want to reduce your debt. There are two ways you can do it without going through credit consolidators: 1. Plan to pay your debt over time - You must plan to pay back your debt every month from your paycheck until they are absolute 0. If you do it religiously you will see your debt going down very soon. You just have to believe in yourself and act accordingly. 2. Earn more money - There are many people who are rich and we always wonder how they became that filthy rich. There are many opportunities but we don't know until our friends tell us abt the opportunities and business models. Starting your own business is the sure shot way of becoming rich and if you hope to make $10-20k/week then stop working for others. I am making a lot of money and you can do it too. 4 more varshasanjiv at gmail.
5. You can go to the library and get the book The Total Money Makeover, by Dave Ramsey. The author will walk you through the snowball method for paying debt in a fast and efficient way without going further into debt. I did it. It took me 2 years and I am debt free and in the process of purchasing a home.
6. I second the Dave Ramsey book recommendation. Good luck.
7. 1. Pay the most to the loan with the highest interest rate. 2. Pay the minimum on the other loans 3. Repeat 1 and 2 until they are all paid off. Don't do debt consolidation, it always costs more.
8. i know somebody that filed for bankruptcy, and they've been a lot happier in the end. It's not the end of the world, like many credit card companies might have you believe. in fact, sometimes getting a new start could put you on the right path... as long as you learn from your mistakes...if you decide to file for bankruptcy, don't repeat your same bad habits. http://consumer-debt-relief.org