It's Not Fair Sound Politics
Obama and most Democrats say we should do what they've always said we should do: have a "balanced" approach that has a combination of tax increases and spending cuts. Now, in fact, they actually propose increasing spending, but somehow this equates, in the media, to the Democrats "compromising" without regard to what their "base" wants.
But when the Republicans say we should do what they've always said we should do -- cut spending and don't raise taxes -- somehow they are afraid to offend their "base" so they refuse to "compromise."
It's pretty stupid stuff. What really gets me is how the media loves to say this is evidence that Washington is "broken," as if the fact of massive debt increases under Bush, and then far worse under Obama, are not evidence enough. If the Republicans completely capitulated and gave Obama what he is asking for -- tax increases and debt increases without any spending cuts -- the media would surely talk about how this was a "success" for democracy, an example of how Washington "can still work," even though it has set us on an accelerated course toward bankruptcy. Boehner and other Republicans would be lauded for their sensible compromise.
Accelerated Debt Reduction Program
OurMortgageGone.com Thousands of American's & Canadian's are become Debt Free with little to no change in their living standards. Debt ...
What's the quickest way to get out of debt?
Okay, two answers I don't need:
1. "Dedication and commitment". I've already got them, and I've been working steadfastly over the past year, contributing all that I can to my payments. I've eliminated all spending from my life that I possibly can. Now I need to find how I can accelerate the payoff.
2. Smart-ass responses. I'm genuinely asking for tips or tricks that have worked for others. (i.e., good ways of increasing income, companies that can help reduce debt, etc.)
I've been in a debt whirlpool for the past 3 years because I was never educated against it. Now I'm trying to crawl back out of this hole.
Any more tips I might have missed? (-and yes, I am a homeowner, but I've only owned it since November of '05)
Thanks...
contact your lenders and advise that you may have no alternative but to file bankruptcy ( assuming you already havent) work out a no interest payment plan, dont go to 'debit free' or one on those kind of companies , as they would do the same thing for you , though they will charge you like $39.00 a month for their 'service' and you will be locked in for the duration of the payout which can be 4-5 years, and at 5 years you'll be paying an additional fee to them in the amount of $2,340.00 @ 39.00 a month, which you would be better off applying that amount towards your pay off. Good luck.
The fact that you bought a home is a good sign. You might call a realtor to run "comps" to get a ballpark figure of the value of your home - maybe it's increased enough to obtain a home equity line of credit - (not that attaching your only asset to old debt is a great idea, but.....)
In fact, if you are paying PMI ($45ish/mo) you may not need to - get a value and if you owe less than 80% of the VALUE, you can get the PMI removed....
Blue collar attitude might be: cut the cable tv $40
cut the internet $25
cut the cell phone $50
make sure your landline is the cheapest plan possible - no call waiting, no caller ID , and certainly no long distance plan on the landline....
There's a quick $100/mo that might help....Not Forever....just til you can get a handle on the worst of your debt.
Pay the smallest balances first......pay minimums on all others and slam down the small debt....then go to the next smallest balance and slam that one down..
I'd stay away from debt consolidation companies....you can do what they can w/out destroying your credit completely.....get your bills together and start calling - be polite and they will work with you.....good luck.
accelerated debt payoff - News
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