Y! Answers How To Get Out of Debt

I always keep an eye open for any articles related to this website, and today I came across one from an unusual location: Y! Answers (Australia).

The Headline: "Big Problem- Income is less than cc debt, utilities, mortgage, car payment; no money left over for anything!?"

The Details: "Both my husband and my income is less than our debts, this doesn't even include food and gas! All of this due to our cluelessness when we bought our home with no money down, 100% financed, 3/1 (interest only) ARM!!, that can not be refinanced because property values have gone down so much. Thanks in advance for the advice!"

Some answers were helpful:
"1. cut up the credit cards
2. cancel all that is worthless (cell, cable, internet, 3 way calling, newspaper, etc)
3. sell the house
4. stop buying EVERYTHING but food
5. start listening to Dave Ramsey to get out of the hole."

Some were not:
"welcome to the American dream. you and most of the country want to know what to do. well do what some have then fake a disability collect and live in a fixed income housing spending your disability check on booze and drugs blaming things on the government."

Click here to see all the great words of wisdom....