1. Establish accounts. Lenders see bank accounts as a sign of stability.

2. Open a joint credit card to someone and they do, as long as you remember that you are also responsible for the debts of another person.

3. Consider a credit card is similar. If you stay away from credit cards, because you can not trust you to pay your bills consistently, then you can skip this step. But if you’re approved for a credit card problem, I look at the credit card cousins.
Insurance card – Here’s how it works: you make a deposit at the issuing bank or credit union, and you can get a map with a credit limit amount. This is similar to a prepaid card. The important thing is to ensure that the lender (preferably a bank or cash) reports on the three credit bureaus, and see the end! All that has more than $ 100 in the first count is a bad idea. You still have to pay high interest rates and an annual fee, however.
Debit Card – These cards are like credit cards, except that it allows you to achieve a balance. Pay your bill in full each month. Manufactured by American Express and Diner Club are available and in general there is no spending limit.

4. Get a loan. Even if you do not trust me in payment, this is not a good idea. Also, keep in mind that only one reluctant to increase your credit score as they really are in debt. Once the loan has been repaid, will not help your credit card as well. You can also pay interest on the loan, but if you want to use credit cards and pay the balance in full each month, pays no interest. Whatever type of credit used to ensure that the creditor reports to all three credit bureaus.
A secured loan with money or assets to an existing account (eg a car) as collateral. You might consider a loan guaranteed by a credit union instead of a bank, the former is generally more willing to look beyond merely your credit score. If you have any problems, this type of loan, try to get a co-signatory, which guarantees a high degree of credit you.
A peer-to-peer lending is offered by an individual investor, not a bank or credit union. Go to a place where the loans offered to investors for the loan, which will compete for the lowest rates available. Note that some sites not all credit agencies credit report for three years and some have a minimum score. If you have any problems, this type of loan, try to get a co-signatory, which guarantees a high degree of credit you.
Get a federal student loan if you are a student. This type of loan, but do not take your credit score until you begin repayment.
If someone you trust is always a loan, you may be asked to work with people, so your credit card in contact with them. But if you think you should repay the loan immediately that, irresponsibility, in turn negatively affect your credit score for the entire duration of the loan.

5. Pay your bills on time, utilities in particular. This type of calculation power, telephone, gas] and the cable is often reported to credit agencies.

6. Avoid leases. You can pay two fifty-eight times the initial amount of unit costs and the lender does not usually talk about the three credit providers.

Finding a way to consolidate debt can mean obtaining financial security. Consolidation allows you to obtain new loans to pay debts of high interest rate. If used properly, can be a lifesaver. If abused, the debt consolidation can make it more difficult to handle.

Get a new credit card
Debt can be consolidated by obtaining a new credit line and use it to pay existing credit cards or other debts. Those with a good credit score are best suited for this option.
The new card must have a credit limit high enough to allow you to consolidate all your debts into one payment.
Find a credit card offers a lower interest rate being paid for existing debt to save money.
Balance transfer introductory offers can save money if used wisely and pay the balance before the expiration of the initial period.

Establish a loan or line of credit
A home equity loan is one of the least expensive ways to consolidate debts. This loan is secured by the property value which means that the risk of foreclosure, if you do not make a payment.
From a loan or line of credit is a secured loan, the interest rate is usually significantly lower than unsecured debt credit card.
You must have enough equity, or unmortgaged value in the property for a home equity loan.
Most mortgage lenders offer mortgage loans to qualified persons. You must have sufficient income, be employed and have adequate credit ratings to obtain them.

Try to get a personal loan
Commercial and private loans can help consolidate debt. These are available through many commercial lenders, but family and friends can also be an option.
People with bad credit may be able to get an unsecured loan, staff from a commercial lender.
Sometimes, loans from family and friends can cause problems in relationships. Consider this option carefully before use.
Unsecured business loans, as this can have a similar interest rate credit cards. Make sure you get this type of loan is beneficial economically. Look for a loan that offers a lower interest rate than currently being paid.

Working through Consumer Credit Counseling Services
Although not a loan, consumer credit counseling services allow individuals to pay all your debts into one monthly payment. Nonprofit and for-profit services are available, and aims to help consolidate in a single installment credit by negotiating with your creditors on your behalf.
Counselors work with lenders to reduce what is owed and to establish a payment plan to pay the debt as quickly as possible.
Credit counseling can have a negative impact on your credit.
Failure to comply with the program of consumer credit counseling may lead lenders to require payment in full.
People who can not obtain a loan would otherwise benefit the most from the credit counseling services consumer.

The debts are a problem that afflicts many people today, this mainly due to that each time there are more companies that provide consumer credit, because every time there are greater opportunities to access these loans.

Some debts may be necessary such as debts incurred to buy a home or an investment, but other debts, including debts incurred for personal loans do nothing prevent people to grow financially.

If you currently have a high level of debt and want to remedy your situation, or simply want to reduce your debts and liquidate as soon as possible, then we present a method consisting of eight steps that will allow you to leave your debts:

1. Knowing your debts
The first step is to inform you good on the debts you have now.

This requires you to make a list where signs who your creditors (to whom you owe), how much pay you lack (the balance of debts), what are the costs of each debt (the interest rate they charge) the minimum payment that you require and the date on which you make payments.

This list, in the first instance, will give you an idea of the total amount that you (the sum of all your debts), your plan will pay your debts, and will serve as motivation to get out of them and planned to meet .

2. Stop buying more debt
The next step is to stop continuing to buy more debt.

If you come out of the hole in you, you should certainly keep digging, if you leave the problem of your debts, you should certainly continue to acquire.

Therefore, you must stop using credit cards, stop requesting more loans or personal loans or consumer, and stop buying on credit.

You get into the habit of buying in cash, and if you can not buy something in cash, you just do not buy it.

3. Search biggest moneymakers
The next step is to seek higher revenues from money to help you pay your debts.

To do this, you could find a higher ground, look for a better Empel, increase sales of your business, or find new sources of income, etc..

You could also find some extra money, for example, to do some extra work, or sell some asset you own.

Another alternative might be to ask a family loan, a loan to your company or a bank loan where you charge a lower interest rate than the rate of interest that you pay your debts, for example, a loan on the value of your property.

4. Reduce costs
May seek higher money income will be a difficult task in the short term, but something that is very likely that it can do is reduce your spending.

To reduce your expenses you should always look for ways to spend less, avoid unnecessary costs, and consume less.

For example, you could try buying some used items instead of new ones, eat more often at home, always look for deals or discounts or prices to compare before buying something, consume less power and energy, etc..

One way to help reduce and control your costs is by creating a personal budget.

5. Debt Negotiation
The next step is to negotiate your debts with your creditors.

To do this, you should contact your creditors, be honest with them, explain your situation, and seek a favorable settlement that allows you to reduce your debt or pay out more facilities.

After negotiating with them, you may be surprised by the facilities that many of them will give you either a reduced interest rate, a reduction in monthly payments (for example, by extending the term of the debt) elimination of surcharges, a freeze in payments, and even a decrease in debt (for example, to pay part cash).

6. Consolidating debts
An optional step in case you have several debts is to consolidate them.

Debt consolidation consists of being grouped all personal debts (credit card balances, consumer loans, etc.) Into one.

By consolidating your debt, they not only simplify your debt payments (as they would only have one monthly payment), but allows you to achieve lower monthly payments (because you can extend the term of debt) and above all, reduce your debt (as it allows you a lower interest rate to interest rates your other debts).

To consolidate your debts, you should approach the bank and ask for a debt consolidation loan, a credit card company and request to consolidate all your credit cards into one, or any financial institution that offers this service.

7. Determine an amount for payment of debts
The next step is to determine the amount of money with which you can pay your debts.

This amount should be sufficient to cover the minimum payment on your debts, but must also allow additional payments that allow you to cancel your debts as soon as possible.

To determine this amount, you should also guide you on a personal budget, for example, you could determine that this amount is comprised of the difference between your income and monthly expenses (monthly balance), or determine that corresponds to a percentage of your total income For example, 10%.

If after doing your budget, you are unable to obtain an amount to cover the minimum payments on your debts, or you will not be enough to accelerate the cancellation of these, you should seek biggest moneymakers, or seek further reduce your expenses.

One tip is that if your debt level is very high, not for all of your monthly balance to pay your debts, but also devote part to the creation of a stock savings that can be used in emergencies or for future investment .

The reason is that if you spend your entire monthly balance to pay your debts, with the idea of just start saving after you’ve paid all your debts, you will probably be several years before you start saving for the future ( which is counterproductive), and probably soon get discouraged and never get the savings.

However, if you pay your debts, while saving money, you will feel you are making progress financially.

8. Paying off debt
Once you’ve determined the amount to be used to pay your debts, the next and last step out of your debts is to start to pay them.

With the amount you intended to pay your debts, you must pay the minimum amounts (to prevent the berries), and the remaining money (which should be the highest possible), go canceling your debts, starting from those have the highest cost, namely those with the highest interest rate.

Although an alternative is to start by canceling the debts you pay less for missing, ie those with a lower balance, so you can quickly get rid of small debts, and thus feel a greater motivation for the cancellation of other .

1. Meet our financial situation
The first thing to do is know our financial position to do so we can make a personal assessment, point out where our assets (bank accounts, investments, property, etc.), Our liabilities and debts (credit cards, personal loans, mortgage, etc.), and our assets (assets minus liabilities).

And we can also develop a personal income statement, point out where our earnings (wages, interest, sales, etc.), Our expenses (rent, food, services, etc..), And profit or loss (revenues minus expenses) obtained in a period of time (one month, six months, one year, etc.)..

2. Establish financial goals
Once we balance our personal and our personal income statement, we turn to analyze and, based on that analysis, set our financial goals.

For example, in our analysis could determine that we need to increase our revenue sources, reduce our costs, reduce our debt, to acquire more investment, etc..

As our goals could be, for example, increase our revenues 50% for next year, reduce our costs by about 30% for the next month, to cancel our debts at 60% before year’s end, purchase a property as an investment before the end of the year, etc.

We must ensure that our targets are specific (for example, have an income of 5000 per month for the next year) so that they are clear and measurable but it is also possible to establish general objectives (eg safety or achieve financial freedom.)

3. Develop action plan
The next step is to develop an action plan, which states the strategies or actions that we take to achieve our financial goals.

For example, to increase our revenues could take the decision to seek an increase in soil, seek new employment, increase sales in our business, find new sources of income, etc.

To reduce our expenses could make the decision to cancel subscriptions to journals that do not usually read, stop buying coffee or cigarettes, eating at home instead of eating out, etc.

To pay our debts could decide to cut our credit cards, consolidate all our debts, to allocate a certain percentage of our revenues for the cancellation of our debts, etc.

4. Develop and follow personal budget
Once developed our action plan, we began to develop our personal budget, which will help us to make effective our action plan.

Noted in our personal budget money income (wages, business, investment, etc..) Cash expenditures (food, education, services, etc..), And the balance (revenue minus expenses) that we expect for the coming months year, based on our financial objectives and our plan of action.

And finally, once developed our personal budget, we have to adjust to it, knowing that the more discipline we have to follow, the better chance we have to improve our personal finances.