Does any one have a really good solution for lots of debt?

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I am only 22 and have about $ 16,000 in debt. Alot of people say that’s nothing but to me that is alot of money. I am really desperate cause I only feel myself falling more in debt. I am married and he takes care of everything, all the bills and anything that has to do with our baby. I pay for all my debt that was built up when I was single, I feel it’s only fair that I pay for it since it was me that did the deed. So if anyone knows of something or someone that can help get out of debt quick, let me know.

  1. Reply
    November 10, 2011 at 1:50 am

    stop borrowing. get on a plan… vow to never borrow again. cut up the credit cards.. You are right, that’s a lot of debt and your just 22? Stop borrowing, sell stuff, work extra jobs… anything to get rid of the debt.

    you should be worried, afraid.

    follow the baby steps for financial security.

  2. Reply
    November 10, 2011 at 2:00 am

    Since you are married you are in this together. I bet he wasn’t perfect before you got married. The judge/preacher, etc didn’t say “you are now a joint venture.” S/he said “now you are one.” That really should mean finances too. It is great you want to take care of what you brought into the marriage but you both are in this together. Part of finance (a big part of finance) is figuring out the best course of action. They all say, 2 brains are better than one. Your husband may have a great idea on how to get the debt snowball rolling (read Ramsey for more info on a debt snowball).

    I suggest you both either read The Total Money Makeover by Ramsey or take his 13 week program called Financial Peace University (FPU) in your area so you both get on a written budget and work on your finances together. FPU and his book will help you get on the same page, financially, understand how to save, pay off all debt, how to invest, men and women different views on money, etc.

    You can find a FPU class near you by going to Ramsey’s website:

  3. Reply
    our heavenly travel
    November 10, 2011 at 2:44 am

    unfortunately there is no quick way to get rid of debt unless you borrow money from family or friend. Which is not a great thing to do unless it won’t put them out on the road.

    if you are not working you can do a home bases business or
    just do debt consolidation with a company.

    Call the agency’s and make payment arrangements some will work with you because they don’t want to loose there money either. If you are a stay at home mother. You can do a home base business. I have two great home base businesses
    If you keep you business options open. i can give you some websites to look at one is

    the other call 1-620-294-1383 in the USA listen to the information

  4. Reply
    George R
    November 10, 2011 at 3:42 am

    First of all listen to this quote “How do you get out of a hole? You stop digging.” What I mean by that is that you are only 22 and are 16K in debt, yeah that’s a lot of money but you can make it. First of all STOP SPENDING….that means no new clothes, no going out to eat etc. You say your husband pays for everything…what are you spending money on? First of all are you past due on anything? If you are you want to call those creditors and see if they can stop interest for a few months until you catch up, or lower the interest rate work something out with them they will. If they rep does not want to work it out hang up and call back again, chances are you will get someone who will. If you are not late, just cut them up and pay the minumum on all and focus your money on one, once it’s paid off, cut it up and go to the next. The most important thing is to try to maintain your credit, EVERYTHING else is based on your fico score so don’t mess it up if possible. All this is irrevelant if you make 200 dollars a month if you get my drift, if you don’t make enough it may be harder to pay it off, there are also credit counseling services which can help you with this too. But becareful because this will “ding” your credit too.

  5. Reply
    November 10, 2011 at 3:57 am

    You cant borrow your way outta debt. borrowing just changes who you owe. FYI

  6. Reply
    November 10, 2011 at 4:35 am

    This may sound simply and condescending.. but how about just stop spending more then you can afford?

    Chip away at it little by little. Alot of people freak out about debt, and want to pay it off as fast as possible…but millions of people live with some debt and still have great lives. Myself included. When I was 25 I had about 28k in debt, now I have about 15k just at 29. And i am still getting it down.Just figure out a certain amount of money that you cay pay off every month. Even if its just 100$ a month for now. Over the years you are going to earn more and more and be able to pay it off faster. But for now, just control your spending and don’t let the debt get any worse.

  7. Reply
    November 10, 2011 at 5:11 am

    There are a lot of variables in this one….

    The debts you are referring to were incurred prior to your marriage, right? This could be used as leverage because they can not take joint property (in most states). If you have a job they can garnish your wages, but not your husbands. So by using this fact, you could negotiate a settlement for a lower balance.

    How old are the debts? After a certain amount of time the can not collect them. The average time is around 6 years. Check on the Statute of Limitations in your state.

    Because of all these factors, you need to either research this a bit, or check with a debt counselor. This is one of the few times I ever recommend it, but what you need is a plan of action, and learn how to organize your debts and learn which ones to pay and which to ignore.

    You are right. Having a debt of $ 12k doesn’t sound like a lot to these better-then-thou folks who have jobs and lots of piss away money. But to many people who may have been layed off, had medical emergencies, or some other disaster happen in their lives, it’s a fortune! Collection agents don’t understand this…they don’t want excuses, only your money. Anything short of this and you are a deadbeat!

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