DIY Debt Solutions: Garage and Yard Sale – Clean up & Cash In

 

I talk about selling unwanted items as part of your DIY debt solutions. Garage sales and yard sales are a good way to sell many things at one time during summer months but pricing and getting people to your sales event are key to a successful garage/yard sale.

 Recently my wife showed me an informative article from one of her magazines (Woman’s Day) on how to do that.  Here’s a brief recap.

Identity Theft from Social Media ?

Identity theft was a problem even before social media became popular but there has been a major upswing in identity theft ever since social media became popular. According to a recent survey conducted by Consumer Reports,  66 percent of U.S households use Twitter, Facebook or one of dozens of other social media networks and as many as 40 percent of those users share their full birth date on the social media networks. Birth dates are gold nuggets of information for identity thieves.

Finding Legitimate Debt Relief Companies

Finding a legitimate debt relief company is not that hard.  With credit card debt and high unemployment, “debt relief” companies have sprung up by the dozens over the last few years. You need to be diligent to find a reputable debt relief agency.

Here are a few places you can start.

Check with the Better Business Bureau or your state’s attorney general office.  Is the company in good standing?

Check or read testimonials on their website. Are they real?  If you only see one or two you may want to move on.

Debt Settlement Can Reduce Balances But…

Credit card debt is a major problem these days and medical debt is one of the major causes of personal bankruptcy. Many are at wits end, worrying about debt they cannot pay and many are looking at debt settlement as a solution to reducing that debt.

Debt settlement is a process where your outstanding debts are greatly reduced and you are required to pay only a portion of what you originally owed your lender. You could settle up to 40% – 50% of what is owed.

Debt settlement can have you debt free in a 12-36 months compared to years of paying high interest balances.

Systematic Debt Solutions You Can Use to Chop Credit Card Debt

There are several debt solutions you can use to systemically reduce or eliminate credit card debt.

The first method is to pay off the credit card with highest interest rate first. Mathematically this debt solution makes the most sense in the long run because you reduce the total amount of interest paid and you get out of debt faster. People with discipline should use this method.