10 Tips To Help You Get Out Of Debt

10 Tips To Help You Get Out Of Debt. During my sophomore year in college every day as I walked to class, I passed tables where vendors urged students to fill out a credit card application, bribing us with a free t-shirt, water bottle, or key chain, so I signed up for one. I received preapproved offers in the mail, and within three years I owned 13 credit cards and owed $10,000. Things really went downhill when I moved out on my own. After six months I lost my job and my credit got even worse: I owed $11,000. I bought a car in my name for my boyfriend who agreed to pay the car note. He stopped making payments and the car was repossessed. I ended up owing $8,000 dollars on top of the $11,000 that I already owed. During this time I was working full-time, making $21,000 a year. I put myself on a budget and set up payment plans with each creditor. I found a part-time job to help pay down my debt. I worked both jobs for one year. By the end of the year, I saw results and had paid down some