Thanks for the A2A! You have (at least) three options.1 - Declare bankruptcy. This is the nuclear option, because bankruptcy means a lot of people will hate you (and some will tell you with enthusiasm), the courts will run your financial life for months or years, you’ll have to confess this on every security-related form for the rest of your life (embarrassing), you’ll get to sell a lot of stuff you’d really rather keep (because it’s the court’s decision, not yours), and your credit score will be abysmal for up to 10 years. Also, other than the loss of a spouse or child, bankruptcy is the most stressful event you could experience.I recommend that you avoid bankruptcy if at all possible.2 - Die. Debt is not inherited, so if you die, your creditors will split whatever you own and call it a day. However, anyone who co-signed on your debt now steps into your debtor shoes, which is bad for them, and of course everyone who loves you (and a lot more people love you than you realize) will be very, very sad. You also would miss the incredible, extreme joy of making the last payment on your last loan, and screaming at the top of your lungs, “FREE AT LAST! I’M FREE AT LAST!!!”. I am smiling as I remember it. Don’t miss it!I recommend that you avoid death, too.3 - Make frighteningly massive payments to your creditors until your debts are repaid.Getting into debt is easy, because you are rewarded every time you overspend with more stuff. Getting out of debt is hard, because you send money away to creditors and get no new stuff in return. So you won’t just wander out of debt like you wandered into it - you need motivation! You need a plan! You need the support of your spouse or an accountability partner! But most of all, you need to develop a deep-seated hatred for debt! That’s motivational!I can’t prthe accountability partner or the hatred, but here’s a simple, guaranteed-or-your-money-back 4 step plan to get you out of debt as quickly as possible. It’s radical, it’s extreme, it will earn you weird looks from your friends - but that’s just a side benefit! :-)====================Four Steps to Debt Freedom====================List every debt that you have, how much you owe, and your minimum payment every month. This includes credit cards, medical debts, student loans, car loans, title loans, payday loans, gambling debts, back taxes, back child support and alimony, late utility bills, late rent or mortgage payments, your corner liquor store and bar tab, the money you borrowed from your mom and dad last year - every single debt.Check your credit report at Annual Credit Report.com - Home Page to see what debts you missed. If you see any debts there that you don’t actually owe, first contact the creditor directly with a copy of your proof of payment or other evidence that it’s not your debt. If you can’t find intelligent life there to correct the problem, you’ll unfortunately need legal advice, perhaps from a free legal clinic.Sort your list of debts by total amount owed, from smallest to largest. This is your battle plan to kill the debt. (Why not sort by interest rate? Because it makes little difference in how long it takes you to get out of debt - oh, go ahead and do the math if you like - but knocking off debts quickly, even small debts, is hugely motivational. You need the motivation, trust me.)You’ll make minimum payments on every debt on the list except the top one, and you’ll throw frighteningly massive payments at the top one and kill it fast. Once it’s gone, use its minimum payment along with your other income to attack and kill the next one. When the second one is gone, use the minimum payments from the first two along with your other income to attack the third debt. Keep repeating until you run out of debts, and you’re free! It will happen - trust me! So this is your plan. Now, time to execute it.Go get frighteningly massive payments to throw at the top debt on your list! a. First, spend as little as possible until your debts are gone - eat cheap foods such as ramen noodles, beans, rice, tuna, day old bread, etc. Not fast food - cheap food. Wear the clothes you own. Conserve utilities until you sound like your dad. Sleep for entertainment, perhaps in front of free TV - no cable or satellite! Carpool to work and make new friends. Cut your expenses until those new friends think you’re crazy - that’s the first sign that you’re on the right track! Kill the debt! Kill the debt! (Did I mention you need motivation to accomplish this?)b. Next, sell everything that you don’t need - toys, tools, cars, boats and other personal watercraft, everything that you don’t really need. Use eBay or Craig’s List, your local newspaper (if you still have one), or just an old fashioned garage sale. Throw every penny at your top debt. Earn a big enough pile of cash quickly, and you can lop the first several debts off of your list this month. You’re on your way!c. Now up your income - take on a lot of extra hours at work if you can, or get another couple of jobs if you can’t. Your life is all about work and earning money until the last debt is gone, so use that to keep yourself motivated. “I’m sick of working 14 hours a day - but as soon as that American Express debt at the bottom of my list is out of my life, I’m DONE!” Then go work another few hours while muttering about how much you hate Amex under your breath. You’ll be tired, but it’s only for a short time until you’re free. Get free sooner rather than later!If you’re reasonably handy with math, you can actually project your “Debt Freedom Day”. If so, circle that on your calendar. More motivation! What light through yonder tunnel breaks? It’s not a train, it’s sunrise on Debt Freedom Day!!!Also, celebrate (cheaply) every time you kill another debt. Splurge $1 on a Red Box video, and eat two packets of noodles! Or, make a giant poster (on real poster board) with your list, and splurge on the biggest red marker you can find. When you kill a debt, scratch through it until it freaking bleeds! One step closer to freedom!You may find it helpful to enlist the help of a debt-free (or soon-to-be debt-free) accountability / celebration partner. When you’re discouraged, call them for encouragement. When you scratch another debt off your list, call them and celebrate! If they are closer to debt freedom than you are, get another job and try to beat them to it.When you finally are free of debt, do a real celebration (with cash, not credit!!!). This is a major milestone, and it deserves some memorable ceremony. First, scream at the top of your lungs, “FREE AT LAST! I’M FREE AT LAST!!!” Feels good, no? Yes, yes it does. Now plan a trip, buy back a toy that you sold but really miss, frame a copy of that last debt payment check and hang it on your wall - something that will mark this occasion in your memory forever. Share with close friends if you can do so without appearing to brag. Buy them steak and lobster!Finally, swear to yourself that you will never borrow money again! It was hard to become debt-free, so don’t sell it cheap. Pre-spend your expected income in a spreadsheet or financial app at the beginning of every month (called a “budget”), so that you’re not surprised by an expense you forgot. Debit cards do everything that a credit card can (they actually use the credit card networks), so cut up the credit cards. Pay actual cash for certain variable expenses that might tempt you to over-spend, like perhaps groceries, entertainment, and clothes. Use sinking funds to pay cash for large purchases like cars. Keep a rainy day fund of half a year’s income in a savings account (not an investment account), so that major medical and other unexpected expenses don’t drive you back into debt - and if you’re forced to use some of it, make replenishing it your top priority.Live debt free!You absolutely can do this, but you must want it more than you want stuff. Get yourself motivated, get your list made, and let’s go kill us some debt! :-D