Loan and Debt Consolidation

URGENT!! PLEASE HELP ME!! How can I get debt free in Australia?

My ex husband ran up $5000 in bills and left me. I only earn $500 a week and the repayments on the debts are higher than I earn. I really need to find a way to get debt free quickly. I don't really want to declare bankruptcy though. I want to pay them off but I just can't afford it, so if anyone can tell me a way to get a debt consolidation loan or even anything to help me. I'M DESPERATE PLEASE HELP ME QUICKLY!!!!!

Call all of them and work out a payment plan and try to get your interest lowered or stopped.

Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

You probably need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control. Take a sandwich for lunch. Cancel the gym membership.

Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

Go to the library and get "The Total Money Makeover". Read it and follow it carefully.

DON'T do debt consolidation. It just moves your debt around. It rolls high interest items AND LOW interest items into the same loan at a mid-range interest rate. It might lower your monthly payments, but that means it will take even LONGER to get out of debt. It also frees up all your lines of credit so you can simply run them up again! Finally, you often have to pay a loan origination fee.

Go check out Dave's website as well.
www.daveramsey.com

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