CALGON, TAKE MY DEBT AWAY !!!!!

If you want some relief, to sleep better at night, to not live pay check to pay check, listen to what I have to say and you will sleep better at night.

I will attempt to make this strategy as universal as possible. There will be some assumptions and I will generalize taking into consideration national averages, and "norms" of most citizens of this country in general. I speak of only things that I know to work from personal experience, and have been at the bottom of the system, with a recorded "credit rating' of less then 525, and with a score that low, you can't borrow a plug nickle. By the way this was during the late 90's and early 2000's, when the economy was humming along fine. Now it's around 740.
  1st--- , if you are a single mother, and you are not getting any money from your babies father, get a lawyer and take him to court for child support. There is no reason for fathers to not be paying their responsibility, it isn't mine child, or Steve's, or Paul's, or Marques es, so make the father pay.

2nd ---, if you have school loans outstanding, I suggest you call the debt collector agency that has bought the debt from the school, and ask them if (eg. you owe $4000, and your next tax return averages $1800, $2500) call and, without discussing your potential future tax amount, ask them if you make a lump sum payment for $2500, $3000 will they except the pay off. If they agree send them a money order or certified check but make sure they will send you a letter stating, this agreement pays off in full your balance. THIS IS VERY IMPORTANT!!! make sure they agree to this and send you a letter stating so.
   This will be a process it will take you years to fix your credit and pay off all your debt. I have only my home that I owe money to, you can make this work you need patience and the desire. One other thing that needs to be established is a little emergency fund of about $750 to $1000.  You are going to need stop using any and all credit cards.  If you have a lease car, go talk to the dealer and find out how much it will cost to get out of your lease early. If you can't due to high fees let it end and, NEVER EVER, EVER, NEVER !! lease another car again.

  These 3 or 4 things are a necessity to help stop the bleeding of further debt, and gives you some idea of the self control it's going to take to go the distance in paying off all the big debt. We will talk some more next week about some of the inner workings of setting up a pay down schedule.
 Good luck with your march to freedom.