Why cant i get out of debt?

You are spending more than you earn. It doesn't matter why but it is true

You need to figure out what is going on with you. Are you spending more than you make? On what?

Try www.debtorsanonymous.org. Going to group meetings or calling in to meetings will help you figure things out.

Pick a good program that will help you easily get out off debt. Unfortunately there are so many to choose from. You can check out the site below. They do reviews on the best programs to help you end debt forever.

To Rebuild or Establish Credit

* Know your creditors and their terms
* What you need to know about bankruptcy

Know your creditors and their terms!

Whether youâ€™re looking to establish a credit history, improve your credit rating, or just stay in good standing, you will have the best chance for success if you maintain good communication with your creditors. Staying in contact and being familiar with their policies will help you avoid unexpected problems and costly errors that can stay on your record for years.
Preventing problems

* Know the rules, credit terms, and penalties for your account
* Pay your bills on time â€“ the primary factor of good credit management
* Keep balances low on credit cards and revolving debt
* Donâ€™t open a lot of accounts at once
* Try to limit inquiries to your account
* Check your credit report for accuracy

____________________________
Dealing with difficulties

* Call your creditors and talk to them directly â€“ you may be able to arrange a payment schedule
* Stop using your credit cards
* Dispute inaccuracies in your credit report
_______________________________
Disputing and correcting errors

* Mark up a copy of the report indicating every suspected error
* Send a letter, with any supporting documents, to the credit agency explaining your dispute and requesting an investigation
* Send a copy of the letter to the creditor
* Once the error is fixed, ask the agency to send a corrected report to everyone who got the inaccurate version

______________________________________...
What you need to know about bankruptcy

There are circumstances where bankruptcy may be the only option for ever getting out of debt, but it should always be your last resort. The penalties can be severe â€“ it can tarnish your credit rating for years and can even affect employment. And a variety of debts will not be forgiven anyway, such as alimony or child support, taxes, educational loans, fines or penalties, and debts incurred by fraud.
The 2 most common types of bankruptcy

Chapter 7 Liquidation Chapter 13 Debt Adjustment

* Allows you to exchange assets for discharging debt
* Affects credit score for 10 years
* Takes 4 â€“ 6 months from filing to final discharge
* Can be filed only once every 6 years
* Stops most garnishments
* Assets you get to keep varies by state
* Easier to recover from: 99% of filers end up debt-free
* The better option for people with few assets and little income, but a lot of debt

* Temporarily blocks foreclosures and collections while you complete a 3- or 5-year payment plan
* Payment plan must be approved by the bankruptcy court and trustee
* The amount you have to pay is determined by how much you have, not how much you owe
* Applies different repayment terms to different types of debt
* Affects credit score for 7 years
* Can be filed once every 6 months
* Must be under prescribed debt limits to file
* Helps you keep your home while you pay off debt

If you decide to file for bankruptcy

The number one priority for anyone thinking of filing for bankruptcy should be getting a good attorney. The rules are complicated and the penalties for mistakes can end up costing even more than the attorneyâ€™s fees. Enlist the help of an expert in the specific bankruptcy rules for your state.

YOu are not the only one who met this problem,I have met this type of problem before.I have good experience here http://www.DebtFreetips.info/debt-free.htm to solve my similiar problem.

Please do not do a Debt Consolidation. It shows on your credit report like a bankruptcy. It is not free to do and it will take you longer to become debt free and it will cost you more money.
Here is a plan that can help you. If you work the plan, the plan will work for you. Get all of the debt paid off as soon as possible, that will enable you to start building real wealth.

A. Have a garage sale and sell whatever you don't use or need and use that money to pay down your debt.

B. Consider getting a temporary part time job and use all of that salary to pay off your debt quicker. It is better to have a no fun year
than a no fun decade.

1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an "emergency fund" category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don't even have to worry about it. You must cut your spending and live on less than you make. Pay cash for everything. If you can't pay cash or write a check, then you don't need it. Do not use credit cards. Debt is like quicksand, if you fall in, you will drown.

2.First get current on all of you debts, if you are not already, and make no more late payments, if you have had any. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on.

3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example:

To start :
Debt #1 (highest interest): minimum payment+ extra payment
Debt #2 (middle interest): minimum payment
Debt #3(lowest interest): minimum payment

Debt #1: paid off
Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment
Debt #3: minimum payment

Debt #1: paid off
Debt #2: paid off
Debt #3: minimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment.

That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have.

4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty.

5a. When you have your emergency fund in place, add a category for "fun" to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life.

5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? The Human resources Department will have the forms for you to fill out. Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire. Start learning about investments. Do some reading. I like "The Lies About Money" by Ric Edelman, "Ready, Set, Retire" by Ray Lucia, and anything by Ed Slott. They are very good books and each has a little different perspective so you can decide your own comfort level with your investments. Or you can go with the "timed" mutual funds offered by your company 401(k). If you plan to retire in 2040 or 2045 you can choose that plan.

5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest.

The answer to that question frequently lies in why you got into debt in the first place. You have to look at your lifestyle, and start cutting back or eliminating spending money on things that you don't need. Most Americans feel that they need to keep buying more and more stuff, or keep buying newer stuff, or buy stuff just because they see others with it. When it comes to finances I live by two principles: if I can't afford it I don't need it; and if I don't need it I'm not going to buy it---even if I can afford it.

The problem for most people is that they can't differentiate between what they want and what they need. And whenever they find themselves with a little cash in hand they blow it at the mall instead of making do with what they have and saving some of that money. So they end up with a lot of junk and a lot of credit card debt, and they're cash broke. Buying brand new cars, designer clothes, eating out at restaurants...all of these things and many more are causing many people to live way above their means. Eliminating these habits is a very good way to get out of debt. And the money you save can be used to pay off what you already owe. If you have credit cards, pay them down and cut them up and start living a cash-only lifestyle. The rationale is that you can't spend what you don't have. Repair your old clothes and shoes instead of throwing them out and buying new ones. Prepare your meals at home, and shop in bulk for groceries with family and friends to save money. Once you get into the habit of saving money it will grow on you. This is the beginning of getting out of debt.

What do you mean by debt ?
Who do you owe money to ?
Do you have a mortgage ?
Do you have a car loan ?
Do you have one credit card ?
Do you have two or more credit cards ?
Do you have a loan from a payday loan company ?
Do you owe your family money ?
Do you owe your friends money ?
Do you owe the federal government money on income taxes ?
Do you owe a state government money on state income taxes ?

Do you drink beer, wine, or hard alcohol ?
Do you smoke cigarettes ?
Do you eat at expensive restaurants ?
Do you eat at fast food restaurants ?
Do you eat a lot of candy ?
Do you drink soda pop ?

Do you pay the bills for other people in your family ?
Do you pay child support ?
Do you have more than one child in your family ?
Do you have health insurance ?
Is someone in your family in trouble with the law and had to be bailed out of jail ?

Now, if you make a list of everything you are spending money on, perhaps you can get other people to help share your financial burdens.

But most important, if you have a lot of debt, pay cash for the essential things like food from a grocery store, and don't buy anything you don't need. Then you use the leftover money to pay down debt.

But if the money owed is still much greater than the money you can earn and get from other sources, then you might have to file for bankruptcy, which will cancel out all the debts. But you have to tell the bankruptcy court all your debts, you can't leave out a loan from anyone.

Good luck.

You live in America... the vast majority of us are so far in debt that we can't see the surface.

are you spending your money on crap that you cant afford??
that usually has alot to do with it

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