Soyou want to get out of debt and it not cost you anything? Me too. However, that is not really feasible. Although there are several methods that are used to get out of debt cheaply, eg. bankruptcy, even that is going to cost you.
There are also some who will tell you that you can write enough letters to your creditors disputing your debts and they will eventually give in to you or miss a deadline, don’t count on it. Computers do the work these days.
There aren’t any grants given by the government to wipe your debt clean either. But if you really want to be debt free for free, all it takes is time and a thick skin. What am I talking about?
There are no debtors prisons anymore and depending on the size of each of your debts, there may not be much pressure for you to pay. If you just don’t pay and you wait long enough, those bad debts will be wrote off and sold to a collection agency. Now, most states have statutes of limitations on debt collecting so it is possible to walk away from your debt.
That is not recommended however. It could land you in court, get your wages garnished, and even your property auctioned, though not likely. The best way to be debt free is to make a plan and pay them off. Begin by calling your creditors. Be honest but firm. Tell them what you can afford to pay if anything. Ask for a repayment plan but get it in writing. Also be aware that any acknowledgement of a debt can start the statute of limitations clock all over again.
Be careful. Don’t fall for the scams on the internet telling you that you can wipe $30,000 of debt away by writing letters. Would you forgive a $30,000 debt because someone wrote you a letter? http://www.getoutofdebtguide.net