Techniques to Fight Your Debt

by : Tom Tessin

Let's face it; rebuilding your credit can really stink if you don't know what you're doing. There are so many resources, books, and information online that we don't even know where to start. If you're nodding your head while you're reading this, you're not alone. There is thousands of people everyday wondering how they can rebuild their credit so that they can finally get that house or car they wanted. With the right information and mindset, you can have the brand spanking new house in no time.

Let's take action - The first thing we're going to want to do is take action. We're going to want the mindset that we are going to fix our debt right now. This means that we are going to get rid of every piece of debt we have. Even if it means we all live on ramen noodles and water, if that's what it takes to fix the debt, you're going to do it. Every time you eat that awful bowl of soup, just remember you're doing it for the luxuries in life.

Get the money flowing in - Once you condition yourself to take action, the next step we're going to take is to get as much money as possible rolling in. If you're already working a 9-5 job, that's great but not enough. When you're in debt, you're going to dedicate your whole day to work. Now, I know you're reading this and probably wondering, "But, what about fun time?" If you're serious about debt, you'll do anything to get out of it, right?

Just think of it, if you get a side job delivering pizzas for four days a week and you average fifty dollars a night, that's an extra eight hundred dollars a month that can all go toward your debt. If you keep this up for one year, you can attack your debt with almost $12,000! That's a lot of debt to take care of, isn't it? When it comes to jobs, you can always find a low paying job such as deliver pizzas or newspapers, just attack the newspapers and you'll find something.

One credit card at a time - If you're in a lot of debt, take a look at all of your bills and finances. The best thing to do when paying off your bill is to make sure that you attack the bill with the largest interest rate. From there, make sure that you pay off your other bills as well but make sure that you pay the minimum. Once you start getting rid of bill after bill, you'll start to feel really good about yourself and fighting your debt.

Fighting your debt isn't a hard task at all. Like I've said above, it just requires a lot of work and a lot of action. If you can accomplish these two things alone, you can get out of debt so quick; you'll forget that you were even in it in the first place! You can do this and you can learn from your mistakes. Remember, patience and money takes you a long ways.