What is Chapter 7 Bankruptcy?

If you’re having difficulty staying on top of your bills, I bet you can imagine how good it would feel to be completely debt free. But being debt free is not something that magically happens overnight, it takes a lot of time and effort in order to get yourself out of debt. So what if […]

When & How To Send A Debt Validation Letter

Have you been getting collection calls or letters demanding that you pay an old debt? Or Have these notices been about a debt that you’re not sure belongs to you? If you’re in one of these situations, the next logical step is to send a debt validation letter in order to verify that the debt […]

How Does Credit Card Interest Work – Minimum Payments

Today, American’s have more than $1 Trillion in credit card debt. That’s up $875 billion dollars since 2013. And According to the Federal Reserve, only 45% of U.S. cardholders pay their card balances in full monthly. That means nearly $650 Billion accumulates interest at an average annual rate of 16%. Those are the facts… and […]

14 Budget Tools To Help Manage Your Money

Budgeting is difficult, and just plain stressful for most people. No one wants to sit down and track their income vs their debts, but it needs to be done! Fortunately, there’s a ton of budget tools on the market that can help make the process easier for you. These tools will give you one convenient […]

Credit Union vs Bank: Which Is For You?

When the time comes to put your hard earned money into an account to save or invest it, we don’t always know where to go. Where will you get a good rate paired with great customer service? To help you make a decision on the type of institution that’ll benefit you the most, we’ve put […]

How To Pay Off Debt in 8 Easy Steps

Nobody wants to be in debt. But, it’s very easy to find yourself in over your head if you’re not careful. Don’t stress out about it! Instead, work on developing a plan for how to pay off debt and manage your finances properly. Not sure how to get started? No worries, we’re going to explain […]

How To Build A Rainy Day Fund

Unexpected expenses are just that, unexpected. There’s no way to know when something is going to happen and you’re going to be left struggling to pay for it. The truth is that saving money is not easy, and it becomes even more difficult as your bills begin piling up. This is why it’s so important […]

GAP Insurance | Top 13 FAQ Answered

Car insurance is a fact of life for millions of drivers. The only state in the United States where car insurance is not a requirement is New Hampshire. However, drivers there must demonstrate they have the financial ability to pay for damages if they cause an accident. Everyday, there are thousands of roadway accidents. In […]

Mint vs YNAB

Having issues budgeting on your own? Are you tired of creating your own spreadsheets to keep track of your budget? Luckily, there are budgeting apps that can make it easier for you. Here we’re going to explore two of the top financial apps out there, Mint vs YNAB. We’ll go through their features and show […]

How to Balance a Checkbook

Balancing a checkbook nowadays doesn’t seem as important as it use to be. But, it’s a great way to help you keep track of your expenses if you can get in the habit of doing it at least once a month. By spending the time to balance your checkbook, you’ll be able to recognize financial […]

About Get Out Of Debt

Get Out Of Debt’s Mission is to provide resources on how to eliminate your debt, plan for retirement, own a home, save money, and invest wisely. We hope to educate you on how to meet your financial needs in an easy to understand and effective way so you can make the right decisions now and for your future.