What are some ways to get out of debt would getting rid of ur car be a good idea?

-Selling your car may be a good idea if:

You live really close to the bus line

Can ride a bike to work

Can walk to a grocery store

Can afford a monthly bus pass

Have money set aside for taxi if you need to get to doctors quickly- taxi would be way cheaper than ambulance



Not many people can go without a car. It takes a long time to get somewhere by bus because they

stop constantly. If I were you I would keep the car. Cancel cable, Internet and any extras you don't need (check out books and movies at library) get a second job and put as much towards your debt as possible.Selling your car may be a good idea if:

You live really close to the bus line

Can ride a bike to work

Can walk to a grocery store

Can afford a monthly bus pass

Have money set aside for taxi if you need to get to doctors quickly- taxi would be way cheaper than ambulance



Not many people can go without a car. It takes a long time to get somewhere by bus because they

stop constantly. If I were you I would keep the car. Cancel cable, Internet and any extras you don't need (check out books and movies at library) get a second job and put as much towards your debt as possible.That would be a great idea if we didnt have to depend on our cars and use public trans.



Wouldn't have to be paying for the high price of upkeep every time something went wrong with it

and would save alot of money on insurance and license plates, not counting gas and oil. If your paying on a loan that would save alottt of money on top of what I mentioned if you can get someone to take over payments or sale it. Add up the expenditures of a car and take the public trans to work etc a couple times to see what the fares add up to then compare over a years time.



The people of Illinois voted back in office the Governor that raised our plates from $48 to $86. Glenn I think is his name. It seems some just love to get gouged by politicians or keep the same corrupt ones in office for 40 years.
Start with any revolving credit cards with the highest interest rate. Always pay more than the minimum due. Sometimes you can call the credit card companies and they will offer you a "settlement" amount if you are in arrears. Your credit report will show "paid off for less than full balance" but it is better than never paying at all.



If you have negative equity in your car, it won't do you any good to get rid of it as you will likely owe more than it is worth. But if your payments are too high to afford then you may have to go that route to avoid a repossession.
hard to say without knowing more particulars like what is your income, how much do you owe, is it credit card dept or school loans.