Becoming a debt free person in one or two years though it sounds hard to believe, there are chances that one would be able to overcome the issues soon.
And to become a debt free person one should focus to overcome his or her debt by various means available.
And when you have more debts, it is very much clear that you would need a little more time to come out of this problem.
But do never try repaying your debts completely.
This is because the loan along with the interest, penalty charges and other charges would quickly increase to an unreasonable level.
Rather you must focus approach on the reducing the total sum payable and making balance payments in instalments.
It would be a great thing if the debts come down by at least 50% without even making any repayment.
So in order to achieve this you should remain in touch with the credit card issuers and the other unsecured loan providers and ask for waiver.
The credit card issuer has no other choice than choosing the debt relief option.
Otherwise chances are there that even the creditor would end up losing all the money.
Thus he has to agree for the debt settlement deal.
Once you are done with getting a 50% discount, you would have to repay the remaining amount within a period of 12-24 months.
This amount has to be paid in instalments and you would be totally free from all the debts once you make the final payment.
Most of the Americans have entered into this debt relief solutions to get rid of their debts and become a Debt Free person.
People who have got caught in huge debts are usually the ones who want to get rid of their debts soon.
You would be able to get rid of the debts quickly if you go for a good financial agency and ask for the debt settlements get done legally.
Some of the options through which you can get rid of the debt fast are that, you can consolidate all your liabilities, go for the settlement of all your liabilities or go for bankruptcy.
However, to get rid of your debts fast depends upon your decision and your financial condition.
Americans had faced such a debt problems that the president of the US introduced stimulus money package which helps people become Debt Free in many ways to get rid of their debts.