Please help me visualize 7.4 trillion dollars and how long it will take to get out of debt?

get out of debt
Daphne asked:


Based on the economy’s performance over the last few years, how long will it take to get out of debt. But more importantly, based on the population, can you help me visualize that amount of money?

How can I spend my way out of debt?

get out of debt
Right-wing nutjob asked:


I have a mortgage, car payment, and 10 credit card bills and the other day I went to the bank and took out an $80,000 loan to pay it all off but now I have to pay off the $80,000 and still have a good chunk of my mortgage left.

What do I do, how exactly do I spend my way out of debt? Should I get another loan?

How do I get out of debt and stop living from paycheck to paycheck?

get out of debt
Gretchen asked:


I’m in my mid-20’s…I have a car payment and pay insurance. I have rent (I live with two other people) and school loans. I’m in credit card debt up the wazoo and am making the minimum payments. I have to fill up my tank every week with gas and food costs me approximately $140 monthly. These bills cost me approximately $1900 monthly. I have a very small savings, but even putting away $5 or $10 is hard. I know I have made some bad decisions in regards to the credit cards, but now that I’m in debt, I’m trying to get out of it. I don’t spend much on entertainment cause I don’t have much left over. What can I do to get out of debt and stop living from paycheck to paycheck?

Why was this debt taken out of collections?

get out of debt
peanut121405 asked:


About 6 months ago, my Fiance and I were trying to buy a car. We were approved for a loan… WITH A 17.9% INTEREST RATE!!! It turns out I had a college loan that had gone into collections. After recieving numerous calls from the collection agency, i was applying to have the loan consolidated with another loan I had for school. When i called the agency about a month ago, they said that the debt was no longer in collections and had no further information. What happens when a debt is taken OUT of collections?

How do I get out of debt and come out with good credit?

get out of debt
Candace W asked:


Married, and have almost 100,000.00 in debt. Thats not including a house payment, total of 113,000.00. Total all together 213,000.00
Its to much for me to handle but we dont wont to loose our good credit score.

How do you know which debt settlement or debt consolidation program to choose, when theirs 1000’s out there?

get out of debt
Russ M asked:


How do you know which program is good and which one is right for you. I heard their is a way to check there beruo report or something, not sure what its called. How can you see the results and reputation of the debt settlement program or debt consolidation program.

I need to get out of debt fast how do i do it my credit ***** badly now?

get out of debt
MissYYYY asked:


I have some debt and i need to get out of it. I am having a baby and i want to reestablish my credit for the future how would i handle this I need serious help. I am okay at saving money but when i got my credit cards a few years ago i went overboard some are in collections =( how do i fix this mess i got myself into.

Best way to get out of credit card Debt?

get out of debt
juno asked:


I started my own business and didnt borrow enought money from my bank to start up the business and now I have aquired a substantial amount of credit card debt. Does anyone know what companies will credit counsel me and help me get out of debt without using my house for colateral. My husband would kill me if he found out?
I have stopped charging i cut the cards up….but you dont understand…..Im having a hard time paying the minimum monthly payment. I need other help.

What is my best option to get out of debt?

get out of debt
Jenny D asked:


I’m 26 and a second year law student. I currently have 27K in unsecured debt. I’m trying desperately to get out of debt and am curious about what the best option is. I am currently living at home to save money. Because I’m in law school, I only have a part time job where the hours fluctuate. My parents are not in a position to help me with the debt. I’m thinking of credit counseling? Debt settlement? Bankruptcy (absolute last option)?? Any suggestions?

Is the president going to get us out of debt?

get out of debt
keithurban4eva asked:


With the financial crisis we are facing at this time, is the economic stimulus package, and all of the teaching cuts going to get us out of debt?

I am sure I heard President Obama explain in one of the debates how important our children’s education is. Then why in the world would they get rid of teaching job’s now?

Thanks for any insight!
Wait are you telling me that Obama is not the ONE!
I thought he was the one who was going to Fix it all!
What happened?

 

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