i have a suggestion, dont spell suggest with two d’s. it makes you look about as dumb as someone who relies on yahoo answers to consolidate their debt.

you don’t say what type of debt you have, but if it’s credit card, take the one with the lowest interest rate and use it to pay off all the rest. then make sure you pay at least the minimum on that card each month, Obviously, you want to pay more as you are able, but at least the minimum will keep your credit on track.

good luck

What I did was pay minimum on all my cards but one the smallest one I payed extra and once it was payed off I put what I was paying on it to another card and so on. also I used my income tax to pay off some cards. i am now debt free and just got a house that’s what worked for me.

Do not consolidate- that will only give you one large payment instead of a few smaller ones and will also increase the time needed to pay them off. Your best bet would be to take the lowest balance credit card and start “overpaying” it monthly- now if you are only making minimum payments on the cards you cannot afford to pay them off, nor consolidate nor save for a down payment, so if you are in a good financial place that you can pay off a credit card one at a time and still save a little toward the down payment that is what you should do. If you have any cards that have a really high interest rate but the balance is the highest– ALWAYS pick the card with the highest interest rate to pay off first– because most of your monthly payment is going to interest and not the principal of the loan so that card would take you the longest to pay off–and needless to say, do not buy anything on credit- pay cash only and if you don’t have the cash, don’t buy it. You can’t get the line of credit because of the 90 day late on the student loan– that is why it is important to start overpaying on the highest interest credit card- continue with on time payments on the other and if possible even if it’s just 20 bucks more a payment, start paying a little more on the other two–you may be surprised in 5-6 months, you may get offers for consolidation—but don’t do it! That will mean your credit is getting better and you do not need to consolidate-

good luck to you——ps if you can work overtime- use that extra cash to pay down those cards— and once paid, you personally close 2 out of 3- leave the lowest interest card to use and charge on it every month and pay all but $5 a month on the bill— that will crazy enough, increase your credit rating because it will show that you are using credit but are able to pay on time, in full if you wanted to and are a better credit risk–crazy rules but that’s the government for you—don’t pay it off every month because that would mean you are NOT using credit……..crazier yet…………..good luck to you

If you are having huge debts but cannot or will not pay, apply for bankruptcy. You do not pay your bills to your creditors but make a single payment each month to the settlement company. Your lenders will ask for the payment from this company. When your level of debt reduces substantially, the settlement company will negotiate with your lender to settle your account. The settlement does not exceed 50% of the balance outstanding. This will let you clear off your debts within 2 years. But the major drawback of this method is the damage caused to your credit rating. Ascertain the reputation of the company before using their services.