How to Get Out of Debt. Getting out of debt is challenging, but it can be accomplished with dedication and perseverance.

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Cut up your credit cards except for one or two to use for emergencies. Throw away the pieces.
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Cancel all of your credit lines and request a lower interest rate on the debt you have left.
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Transfer as much debt as possible to the credit card that has the lowest interest rate, or get a ** loan from a bank at a lower rate.
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Use cash for all your purchases, and only buy what you can afford.
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Commit to start paying off your debts one at a time and do it. Pay off the credit card and loans with the highest interest rate first.
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Double your payments on the next debt by taking the payment you made on the first debt and adding it to the current debt.
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Triple your payments on the next debt by combining payment amounts. Continue until all your credit cards and other debts are paid off.