Please help with advice, tips . How to get out of Debt.?

LIve ine canada and need anything that can help me get out of high interest debt . I am doing everything I can to possibily lower interest rates and have reasonable monthly payment. Depressed by debt amount but ready to fight and get some help to rebuild my financial life. Please help need advice, tips any information useful for me. God bless all of the people that would kindly answer my question without insulting me. Note that I live in Canada so take that into account in you help and informatonsPlease help with advice, tips . How to get out of Debt.?
I would just add a couple things. First, congratulations on asking for help. Plenty of debt here in the US and many keep their heads in the sand. I agree with the credit card advice. Credit cards are only for true emergencies! Not the new TV, etc.





You can get a second job to generate more income and/or cut expenses. Sell whatever you don't need at a garage sale. If you have a high car payment, sell it and pay cash for a used vehicle.


Perhaps sell your house, move to a cheaper apartment. Just look at all your expenses....good luckPlease help with advice, tips . How to get out of Debt.?
I don't know the rules or laws in Canada regarding debt but some of this is applicable no matter where you live.





If you are only paying the minimum payment on credit cards, you will be in debt forever. Credit card minimum payments are really set up to keep you in debt. The bank is charging you interest every month, after all. The less you pay, the more interest they get to charge you next month.





As hard as it may be, you are going to have to cut back somewhere and start paying more off every month on those credit cards. Whatever you can afford to pay over the minimum payment is going to help.





Do NOT charge any more on the cards. The last thing you want right now is to increase your debt. Take the card with the highest interest rate and start paying as much as you can on it. Even if it's just an extra $20 a month. Once you start paying extra on them, you'll see the total amount owed start to go down faster and faster. Once you have that first one paid in full, take a deep breath and congratulate yourself on a job well done and start on the next one. All the money you were sending to the one you just paid, you now add that to the minimum payment on the next one. Obviously, you have to make at least the minimum payment on all of them every month but work on one of them at a time and get them paid off.





If they all have the same interest rate, start with the one with the lowest balance.





Get yourself on a budget. Look around at what you're spending money on every month and figure out where you can cut back until you get this under control.





It's not a lot of fun for a while but the sense of satisfaction you get when you get these paid off will be so worth it.





Then you'll be able to start taking some of that money and save it or invest it so that the next time you want a new CD player or something, you'll have the money to pay for it in case and won't go into debt again.





Good luck.
Seriously, you need to pay off your debt, that is the only way out, if your debt is so bad, then call a debt program and see if they can help you.
I think the following article should help you. You can visit the website to know more about the article:





Debt Consolidation





A debt consolidation program helps to get out of all high interest debts. There are various types of debt consolidation loans.





Home equity loan is one such debt consolidation program where a person can use home to get a loan..............
stop buying unnecessary things when you dont have the money.
You should look in the phone book for debt counseling agencies, you have a common problem and these people have the knowledge and tools to help you, good luck.