Finding yourself piled with bills to the ceiling can be very discouraging, but did you know that there are great ways out there, when it comes to erasing your debt.  If you were like me in the past, you probably looked at those piles of bills, and just said, "forget it."   I know, this can really drain you, and you probably think that the end will never come near.  Thankfully, if you follow a few of these tips, you can erase a lot of your debt by the end of the day today!

Gather up all of your bills

The first thing that you want to do is gather up all of your bills.  If you owe them money, you’re going to want to mark this down.  If you don’t have your latest statement, you can most likely log in, and get your information on there.  You will want to set these all in a nice pile.

Organize them from the highest to lowest

Since we want to focus on your most expensive bills first, we will want to put the highest total bill on the top, and the lowest one should be on the bottom.  We want to focus on getting rid of that higher bill first, so that your "total debt" number goes down.

Get ready to contact the companies

Now, I hope you like talking on the phone, because this is the next step that you’re going to have to do.  What you’re going to want to do now is call up the credit card companies, or whatever loan company it may be, and work out some sort of lump sum loan.

For example, let’s say that your bill is "$2,500", and you have $1,200 sitting in the bank.  Call them up, and tell them that you want to settle for $1,200.  Start low, and see what they can do for you.  Explain to them that you can’t pay this off in full, because of financial means, and you’re willing to pay at least 30-40% in full to call it even.  Many big credit card companies will bite on the offer, and take you up.

Now, if they do take you up, you want to always make sure you get it in writing before sending out your money.  The letter should be something along the lines of "We’re settling your debt for $XXX."  Make sure you don’t send the money until this happens!

If you want to get more debt tips, try some debt tip help books online.  They will give you tips on ways to talk your way out of debt, and more.  By taking the time to study the process, you can easily save a few thousand dollars, I promise!