The best debt solution is liquidating things in your life you don't need.
You got into debt by purchasing too many things that you really could not afford.
If you look closely at your purchases often they are items you did not need, they were items you wanted, so if you don't need them let's get them out of your life and make some money to pay off your debt.
Sell the things you don't need by advertising them so you get the most out of your items.
Take the money you get from selling your unneeded items and apply it towards your debt.
You will now find out how this debt solution compounds its effects.
Sell your items where you can get the most money out of them and attract the most qualified prospective buyers.
Any heavy bulky items like used cars, wheelbarrows, lawnmowers, trailer RVs, are best sold locally, Craigslist, has worked great for me.
Smaller lighter items that can be shipped can be listed on eBay to gain a better perspective buyer pool, don't set the minimum bid too high or at all and you know that item is going to sell.
Having a garage sale is a good way to liquidate any items that don't sell on Craigslist or eBay.
Very important now is that you take the money you get from these unneeded items and pay off the debt with the highest interest rate being charged, usually a credit card some type.
The only exception would be if I had a credit card that I could pay off the full balance I might do that just to have that particular monkey off my back and one less potential late payment fee with higher interest.
Here's the reason I believe this is the best debt solution, it totally eliminates some of your debt almost immediately, it is pretty easy to accumulate at least $1000 to pay towards your debt.
Most people have some credit card debt and the interest rate being charged is usually somewhere between 10 and 30%.
If you have made some late payments and possibly missed a payment or two your interest rate is headed towards 30%.
Let's say you pay 12% interest, unless you take some action and pay off this debt, you will be paying 1% per month for the rest of your life minimum.
So let's see what this little 1000 dollar payment did for us; it's easy to see we are saving $10 a month on interest alone over the next 10 years that amounts to $1200 in savings.
This simple two-step process can produce your best debt solution and all you have to do is sell some of your unneeded items and apply the money towards your debt.
It doesn't get any easier than that.