Bank in Germany: Loans and mortgage lending

The financial institution was founded in 1863 as a bank in Turkish hands, and was transformed into a private joint-stock company under Turkish law in 2000.

The German subsidiary was founded in 1988 as a full bank with its headquarters in Frankfurt am Main.

At first it was just a simple establishment. Since 2001 the bank has been operating under Lite Lender International AG as an independent subsidiary, the shares of which are wholly owned by the Turkish parent company.

Among other things, the bank sees itself as a financial institution that provides a wide range of financial services in the context of German-Turkish and European-Turkish economic relations.

The bank also wants to be the point of contact for the Turkish-born population in Germany. In addition, the bank is of course available to all customers living and working in Germany.

As a full bank, Lite Lender is not only active in the private customer business, but also looks after corporate customers. In addition to its headquarters in Frankfurt, the bank also has branches in Berlin, Duisburg, Hamburg, Hanover, Cologne, Munich, Stuttgart and Nuremberg. Lending to private customers does not seem to be a main focus of Lite Lender in Germany.

The bank has become known, among other things, for attractive investment products such as time deposits and overnight money. In this context, it is important to note that Lite Lender is affiliated with the protection scheme of the Federal Association of German Banks and is a member of the compensation scheme for German banks.

In practice, this means that private deposits are 100% secure.

Financial services

Financial services

The homepage contains a list of the financial services offered and links to the corresponding subpages. In the footer there are also several links to the “Forms and Documents” form center. There is also a link that leads to more information about the individual branches. The structure of the homepage is more suitable for a branch bank than for a direct bank. In any case, there is no further information on the individual financial products.

Exact information can be found on the product pages. In the private customer area, the focus is on accounts, savings such as time deposits and transfers to Turkey. For these products you will find extensive descriptions and FAQ areas. Applications to open an account are made available online.

The rest of the procedure is offline. The completed application must be printed out and signed and sent to the bank using a PostIdent procedure. A similar procedure applies to the Turkey real estate loan. The loan application can be printed out and sent to the bank. Fax is also possible.

The installment loan offered can currently only be taken out in branches. However, it is apparently possible to make an appointment by email or phone. Customers can also fill out a form under the “Contact” link.

The website contains only the most necessary information regarding loans. However, the conditions are clearly described and the representative example is clearly visible under the condition description.

Lite Lender loans

Lite Lender loans

The bank currently offers two loan products: a real estate loan and an installment loan. The focus is probably on the real estate loan. Both types of credit do not have the typical characteristics of an online direct loan.

For example, there are no immediate decisions, but the applications must be submitted by post or in a branch. All information on the loans reflects the status of September 2018.

Real estate loan Turkey

This loan is used exclusively to finance property purchases in Turkey. These can also be holiday apartments. The loan can be used for completed condominiums, single-family houses or apartment buildings. Financing is from Germany. Borrowers do not have to look for a bank in Turkey. However, only the purchase is financed, but not the construction of a property. So it is not a building loan in the narrower sense. Loan amounts between $ 50,000 and $ 250,000 per property are possible. 70% of the value determined by appraisal is lent. The loan term is a maximum of 120 months.

This means that the loan must be repaid in full after 10 years at the latest. A 5-year fixed interest rate and a 10-year fixed interest rate are possible, then with full repayment. 5% of the original loan amount can be repaid annually. From the 4th month, a provision fee of currently 0.25% per month is due.

The interest rates are dependent on creditworthiness and currently start at an initial effective interest rate of 6.96% (5-year fixed interest rate) or 7.12% (10-year fixed interest rate with full repayment). Award requirements are good creditworthiness, a place of residence and a job in Germany and a regular income from an employment relationship.

Self-employed people do not receive a loan. In addition, the loan is only given to spouses who have to apply for it together.

installment loan

The installment loan is only offered from a loan amount of $ 25,000. It is a general purpose loan with terms from 12 months to 84 months. The bank guarantees quick credit decisions. The effective interest rates depend on the creditworthiness and also depend on the term. An interest rate limit is not listed on the website itself.

According to the representative example currently valid (September 2018), 2/3 of all customers receive an effective interest rate of 8.45% or cheaper if they take out a loan amount of $ 25,000 with a term of 48 months. The Lite Lender’s installment loan offer is currently not included in the credit comparisons by the market leaders check24 and smava or Astro Checker. You can find it in the loan calculator used by Biallo.de.

Basically, it is always advisable to compare a specific loan offer with other providers. To do this, use the financial check from Astro Checker, for example.

Lite Lender credit and Credit Bureau

Is a Lite Lender loan possible despite or without Credit Bureau? This question is often asked on the Internet. In any case, the real estate loan requires a perfect Credit Bureau, because it is only issued with a good credit rating. No corresponding information is given on the website for the installment loan.

However, it is clear that a comprehensive credit check is carried out for minimum amounts of $ 25,000 and negative Credit Bureau entries or low score values ​​preclude lending. Without taking Credit Bureau into account, lending is not possible simply because the bank is active in the German market.

Assessment of the loan offer

Assessment of the loan offer

Lite Lender is not a typical direct bank and the loans are not the usual online loans, for which a preliminary loan decision is made immediately after the online credit request. Rather, the bank offers its loans on its website, but the deal is made entirely offline.

The interest rate for Turkish real estate financed in Germany appears high compared to German market interest rates. However, the overall interest rate for financing Turkish real estate seems to be significantly higher.

In this respect, the conditions of the Lite Lender are not unusual. But there are also cheaper financing options, for example from ISBank. Islam-compliant real estate financing can be agreed at Best Bank.

The interest rate for installment loans with a term of up to 5 years was around 4.57% in September 2018. In relation to this, the interest rates given in the representative example are high at 8.45%. The Lite Lender offer is certainly not one of the cheapest. On the other hand, there are quite a few direct banks that, in their representative examples, show similarly high or even higher effective annual interest rates for loans of over 25,000 USD.

There are practically no reviews of Lite Lender loans on the Internet. Lending seems to be rather subordinate to savers’ deposits. Ziraat has been offering attractive fixed-term deposits for years with the advantages of German deposit insurance.

Take out a loan with 3 children

 

If you are allowed to call several children your own, you can count yourself lucky. After all, children are our future and enrich our lives like no one else can. But children also cost a lot of money and as a parent you have a great responsibility for them. This responsibility is not just to provide them with a warm meal a day and proper clothing. Responsibility also means that children grow up in a safe environment, enjoy the best possible school education and also have the opportunity to go on vacation and experience great events. All of this costs a lot of money, which parents with 3 children feel particularly strongly. As a result, many families sometimes have to consider taking out a loan with 3 children. Not an easy task, but with a little bit of patience and will, it can be done.

The dear money

The dear money

Since a loan with 3 children is always based on collateral, which includes, among other things, the income of the parents, this security plays a very special role in such a large family. Because the banks only grant a loan if the borrower’s income is above the attachment allowance. This is based on the number of persons subject to maintenance. With a loan with 3 children, it can be assumed that all three children still receive maintenance from their parents. Even if this is a natural kind. The limit on the garnishment allowance is currently 1929.99 USD per month. This means that the borrower’s income for a loan with 3 children should be at least 2000 USD. And this would be calculated very tightly.

But there is also another aspect. Because not only the income counts, but also the monthly expenses and the Credit Bureau, so of course the monthly expenses must not exceed the income and there must be enough space for the credit rate. In addition, the borrower must have an impeccable Credit Bureau in order to come anywhere near a loan.

Which loans are available?

Which loans are available?

Which loan is most suitable depends, of course, on what should happen to the money from the loan. The fact is that the banks of course look very carefully at an installment loan that should go to a family with three children. A real estate loan can be a little more relaxed. Even if the loan amounts are very large, a family with three children always benefits from government grants with a real estate loan, which the banks and savings banks are also mild.

If you want it particularly quick and easy, you should use a consumer loan. This is usually taken up directly from the dealer and thus avoids bank questions about marital status and the number of family members. In addition, a high income is not required for consumer credit.

How can lending be influenced?

How can lending be influenced?

Of course, even with three children, you don’t just have to rely on the benevolence of the banks, but you can actively do something to get the loan approved with three children. So it is always good if there is a valid reason for borrowing. In addition, both spouses – if available – should always take out the loan together. This means that the bank not only has two contacts, but also two incomes that can flow into the loan. If the spouse or life partner is not suitable for borrowing, another person can act as a guarantor. It is always important that the guarantor is solvent so that he can have a positive impact on borrowing.

Tip: If the borrower is a civil servant or works in the public service, this makes it extremely easy to borrow. If this is not the case, then one can perhaps find a guarantor who can show such employment.

Debt collectors and the Do Not Call Registry

If you want to reduce the number of commercial calls that come to your home each day, you can register your phone number with the National Not Not Registry. Once you have registered your number, usually telemarketing you cannot call.

Many consumers are shocked, but if they continue to demand debt collectors even after they have added their number in the registry. Before you get angry, the National Do Not Call Registry will likely recognize how it should work. The reason why you still get collection calls is that the registration does not apply to collection calls.

 

The purpose of registration does not call

debt loan

The National Do Not Call Registry was created to stop unwanted calls from telemarketers. The Federal Trade Commission (FTC) is a telemarketer as someone who makes or receives calls to or from a customer to get that person good or buy services or to make a donation (telemarketing and consumer fraud and abuse prevention act).

The FTC also defines a money collector as an individual or company that collects or attempts to collect debt (Fair Debt Collection Practices Act). By definition, a money collector is not a telemarketer – because they ask you to take care of an existing obligation and not buy a product or service – and they are not under the jurisdiction of the National Not Call Registry. When the National Do Not Call Registry was established it did not contain any of the following:

  • Calls from companies that you already have a relationship with
  • Calls for which you have already written permission given
  • Calls that are not used commercially and do not contain unwanted advertising
  • Calls made by or on behalf of nonprofit organizations
  • Why Debt Collectors Can Continue Calling You

If you have signed up for a credit card or loan, buried in the fine print, you are likely to have permission for the credit card company or lender to use a third-party collector to collect any delinquent debt from you. So finally you gave permission for the collectors to call you to collect the debts from you and not to sign up for the national list to stop calling any calls from debt collectors.

 

How To Properly Call Collection Stop

How To Properly Call Collection Stop

If you want to stop money collectors calls, you should send a written cease and desist letter to the collector stating that you no longer wish to be contacted. Declaring the debt collector does not protect your right to have them stop calling; just one letter will stop the calls completely. Aside from paying the debt, a written request is the only way to get a debt collector to stop you from calling.

Be sure to send your letter by registered mail and keep a copy for your records so that you have evidence that you asked the money collector to stop you from calling. You can take legal action against a money collector who will continue to call you after you write a letter asking them to stop contacting you.

Loan for the unemployed – loans for or despite unemployment

 

 

Loan for the unemployed is often the only way for many people with no fixed income to make expensive purchases. For banks, however, such unemployment loans are associated with a high level of risk because the monthly payments are not guaranteed.

Basic requirements for an installment loan

Basic requirements for an installment loan

In order to receive an installment loan from the bank, some important requirements are required. In addition to the age of majority, applicants must also always be able to demonstrate a fixed income that is obtained from employment. The reason for this is that, according to the banks, the monthly loan repayment is only given if the borrower has a fixed income from which he can pay both his living expenses and his credit installment. In the event of unemployment, proof of a fixed and regular income cannot be provided.

  • Personal loan – the chances of unemployment are much better through special credit marketplaces, where instead of banks finance a loan to private individuals.

The bank accounts

The bank accounts

Before a loan is granted, the banks prepare a household bill that shows both the monthly income and the expenditure. Although it is possible to set unemployment benefits on the income side, unfortunately this income is not sustainable. It is important to the banks, however, that the rate can be paid over the entire term of the loan. However, unemployment benefit is only a temporary benefit. Subsequently, those affected who have not yet found a new job receive only the basic security, i.e. Hartz IV. With this income, loan rates for the loan for the unemployed can then no longer be paid, and bankruptcy threatens.

How unemployment credit is still possible

How unemployment credit is still possible

Some banks do not fundamentally reject the unemployment loan, but do require collateral. Since real collateral such as houses or vehicles is difficult to sell, the banks are demanding co-borrowers who enter into the loan and who are currently repaying it. However, these co-borrowers must have a steady and sufficiently high income to be able to pay the monthly rate. To ensure this, the banks will also prepare a household bill for the co-borrower, also to avoid over-indebtedness.

Who can join as a co-borrower

Who can join as a co-borrower

Depending on the bank, not everyone can join as a borrower. Often only the parents or the children or partners are accepted as co-borrowers. Other banks, however, also accept good friends as co-borrowers. The only thing that is important is that they have adequate income to take out these loans.

Since each bank acts differently in this area, it makes sense to ask the institutions and clarify who can join as a borrower.

Possible risks and disadvantages

Possible risks and disadvantages

Since a loan for the unemployed poses high risks to the lending banks, these loans are often given at high interest rates. It is not uncommon for these interest rates to range from 10-15% pa, which is an additional burden. Due to these high interest rates, the credit rates are often comparatively high or a long term must be agreed, which then also has to bear high credit costs.

The risk of payment in installments should also be taken into account. In the case of unemployment, income is significantly lower than during employment, but many costs remain the same. In addition, income can drop significantly if only the basic security is transferred from the office after the period of unemployment benefit payment. With this monthly income there is hardly any financial scope to cover the credit rate. If the bank is forced to terminate the loan due to arrears, not only does a Credit Bureau entry follow, but often also personal bankruptcy.

Loan offers from the Internet

Loan offers from the Internet

There are always offers for unemployment credit on the Internet. Since such a loan is only provided by reputable banks with the appropriate collateral, as described above, such offers often have to be described as dubious. Dubious loan offers can be recognized, among other things, by the comparatively high interest rates (more than 15% pa) and the requirement to transfer the processing fee when the loan documents are submitted. In these cases, experience has shown that no loan processing takes place afterwards, so that loan seekers suffer a high level of financial damage, which makes their situation even more negative.

  • in addition: credit without Credit Bureau

How to recognize serious loan offers

How to recognize serious loan offers

Banks and credit intermediaries that offer reputable loan offers only charge the processing fee once the loan has been approved. It is therefore important to ensure that the lender makes a free offer and also accepts the documents without fees and carries out a preliminary check. It is common for the borrower to pay the processing fee only when the borrower holds the loan documents. It is often deducted from the requested loan amount even when it is paid out.

Conclusion

Conclusion

Loan for the unemployed is in a few cases a good way to get a loan despite unemployment. However, it should be clarified in advance which monthly charges can also be borne with unemployment benefit and how the repayment of the credit installment can be secured if no new employment can be found after payment of the unemployment benefit. Only from this point of view can it be avoided that an unemployment loan becomes a debt trap, which ultimately leads to insolvency proceedings.

Borrowing money without income

The interest rate is variable and is set individually. For an annuity loan of USD 100,000 with a maturity of 9 years, a nominal interest rate of 5.50% and an interest rate of USD 0, the effective interest rate will be 5.64%.

If you borrow USD 20,000 for 72 months, you will pay USD 627 / month (administration fee will be added: USD 19 / month at direct debit, otherwise USD 39 / month). In total you pay 38 707: – based on fixed interest 21.60%, effective interest 26.88% (2017-09-01), planning fee 595: – (added to the loan) and direct debit.

Is it possible to borrow money, completely without an income? This is a question that many people ask, and today we thought we would try to answer it. Taking a sms loan without an income is not something we recommend, but we still intend to explain how it works and if at all possible.

Can you take a sms loan without an income?

Can you take a sms loan without income?

Can You Really Get A Loan Without Income? The short answer to the question is yes, it is actually possible to get a loan completely without an income. Many sms lenders actually allow you to borrow money without an income. At least they have no official requirement that you must have an income, it is impossible to say how many without an income that actually gets their loan application granted.

Now that we’ve figured it out, are there any obvious problems with taking a sms loan without income?

Problems with sms without income?

There are many problems with borrowing without an income. The biggest, and quite obvious, problem is precisely that you do not have an income. You therefore have no way to repay the loan you have taken. It may not seem like a big problem at first but when the first bills come it will be a problem. You will quickly end up with debt collection and then with the Crown Magistrate, something you would prefer to avoid.

The next problem arises when the chancellor will demand you for the money for the loan. You then have no income that they can forfeit, this will lead to them starting to sell your property and other things that can pay off the loan. If you have nothing left to sell, the petitioner can bankrupt you, something that you absolutely want to avoid.

Thus, there are many problems with borrowing money without an income. What is the reason why some still do?

Why borrow without income?

Why borrow without income?

The biggest reason is that you do not have an income. In order to be able to pay bills and other necessities, the person then takes a sms loan and thus pushes problems forward in time. The problem is that the problems always catch up sooner or later. You won’t be able to push it forever.

What alternatives are there? The first thing you should do if you become unemployed is to register with the employment office. They can help you find a new job even if it’s only temporary. Then you get an income and can start getting back on your feet, without taking a sms loan without income. You can also sell some things yourself that you have at home to pay the bills until you find a job.

What are we trying to say with this article? We try to say that yes, you can take a sms loan without income and yes, you can borrow money without income. But that’s not a good idea. If you do not have an income you should at all costs avoid borrowing money, it will only create more problems, not solve the ones you already have.

If you are unemployed with a grant, are between work or have not paid employment, you will probably find it difficult to get a loan with normal conditions. However, you can still raise money by borrowing money without income.

In fact, most reputable banks and savings banks will simply deny you credit if you do not have regular paid employment.

Standard loans are available to those who can show that they are likely to be able to repay the debt according to schedule. The better your financial situation, the more attractive the terms of the loan will be – which means you will be offered the lender’s lowest interest rate.

The downside of this is that if you have a lower income you can get a higher interest rate. If you do not have regular income and a poor credit history, your application will almost certainly be denied.

In order to meet the demand for loans from unemployed persons, products from specialist lenders are offered, but the interest you pay on the amount you borrow here is significantly higher compared to ordinary personal loans.

This reflects the risk that the loan will not be repaid in full or on time.

If you need to borrow money without income

If you need to borrow money without income

Usually, you need a steady and ongoing salary to borrow from ordinary lenders, but there are more and more specialized loan providers for the unemployed.

So being without a stable job and income to borrow from major banks does not mean that you no longer have access to credit.

Improve your credit history

To get a loan, you need to be attractive to lenders, which often means improving your credit rating. Otherwise, you will have to fight to get a loan if you are both unemployed and have a bad credit history, because you are considered a high risk.

You can improve your credit rating in several ways:

  • Check that your information is really correct with credit reference agencies.
  • Add your name to the electoral register (contact your local authority to do so). This will be the first place lenders look for when checking your personal information.
  • Spread out applications for credit, in time. Every time you apply for a loan, you leave a “footprint” on your credit profile. If you are rejected multiple times in quick succession, it will make other lenders less likely to accept you.

Types of loans for loans without income

As someone with poor credit standing, you will not be able to apply for most loans, especially those with the most attractive terms. These are likely to be reserved for borrowers with clean credit histories who are employed.

Secured Loans: You can consider a secured loan, which means you have to set up property as collateral, like a house or a car. However, this security can be seized if you do not handle the refunds.

Personal loans with high interest rates: It must be noted that the greater risk you are perceived as by the lender, the more interest you will pay. It seems that people who need access to credit most face the highest interest rates from lenders.

However, keep in mind that it is always risky to take out a loan without income. Always weigh the pros and cons before taking the final proof.

Search for a loan without a processing fee

When a loan is taken out, various interest and fees apply. As long as the loan was not taken out from a dubious intermediary but directly from a reputable bank, these are all collected in the effective interest rate. This effective interest rate clearly shows the costs associated with the loan and is therefore ideally suited for a comparison when looking for a suitable loan offer.

Many consumers are of the opinion that banks can also take a processing fee when granting loans. To save them, they are specifically looking for a loan without a processing fee. This is not necessary at all. Because banks and savings banks may not charge a processing fee for the provision of consumer credit. Not since 2014, when the Federal Court of Justice issued a corresponding decision.

The search for a loan should therefore be the search for a loan without a processing fee, but always for a loan with low interest rates and good repayment conditions.

Are there still any processing fee credits?

Are there still any processing fee credits?

Even if a loan without a processing fee is required by law, there will of course still be some black sheep who charge this fee. These black sheep are less likely to be found at traditional banks. But there are plenty of them among credit intermediaries and so-called financial experts. You earn from the processing fee and are therefore very happy to collect it. Who pays the fee in the end and when always depends on the agent.

If he is serious, he only charges the fee after the loan has been arranged. In the best case, even directly from the bank to which he referred the borrower. If he works less seriously, the fee is often asked in advance. However, there is no guarantee of credit brokerage. As a prospect for a loan, despite the processing fee paid, you can end up without a credit despite everything. We therefore recommend never taking advantage of loan offers that require a processing fee to be paid in advance.

How do you take out a loan without a processing fee?

How do you take out a loan without a processing fee?

To take out a loan without a processing fee, you should always first get a precise overview of the various offers. These are so wide-ranging that the selection would be very difficult without a prior comparison.

It is worth using a comparison calculator for an overview or comparison. You can find it here on the Internet. The desired loan amount and the desired term are entered in the comparison calculator. Alternatively, the monthly installment can be used instead of the term to obtain credit proposals.

The loans offered are all without a processing fee as they come exclusively from banks. If a good offer was found, the bank behind it can be contacted and the application for a loan can be made.

Processing usually only takes a few days, so the money is quickly available. If you are in a particular hurry, you should make sure when choosing the right loan that it is an instant loan. Or else, the loan is taken out directly at a bank. There are no long waiting times and the money from the loan can sometimes be received directly after the application.

Avoid mistakes when repaying debt

If you pay your debts down, then you know it’s a difficult undertaking. And if you have a lot of debt to work through, it can also be a lengthy one, which is why it’s tempting to look for ways to speed up the process. Yet in doing so you encounter options that seem to be a link to dumping your debts, but in the end, they could cost you money and time.

As you make your way to debt freedom, beware of these four mistakes that you might set again:

 

1. Not with an emergency fund

1. Not with an emergency fund

In an attempt to put as much money on your debts as possible, you may be inclined to forego an emergency fund.

This decision could hurt you. An emergency of some kind – whether repairing or unexpected car medical expenses – is likely to occur while your debt is paying off. If you are not ready, you can end up in deeper debt. A bank rate survey found that 36 percent of Americans would either borrow from friends or family, take out a loan, or use credit cards to treat a $ 1,000 emergency.

Avoid this mistake by keeping a small cash cushion while you pay your debts down.

 

2. Taking out a home equity loan

2. Taking out a home equity loan

The temptation of taking a home equity loan or line of credit to pay off your consumer debt can be quite appealing – you can “wipe out” your credit card debt and other payments in one fell swoop, in exchange for a one-time payment at an interest rate. This can make your debt situation feel organized and less overwhelming.

But that can turn out to be a mistake on many levels. For starters, clear out your unsecured debt but increase what you owe to your secured debt. Should you have trouble paying your home equity loan, your home could be at risk.

 

In addition, one could increase what you pay in interest if you use the home equity loan to pay off medical and other bills that had zero interest, or a lower rate than the new loan.

Most importantly, it is a mistake because you are not actually reducing your debt – you are just moving it around. If you pay off your credit card debt and other payments without addressing what is causing you to go into debt, it is probably only a matter of time before you reboot those balances.

 

3. Borrowing from your 401 (k)

3. Borrowing from your 401 (k)

Another tempting debt solution is to borrow from the 401 (k). It goes without saying that doing this goes against the very reason you wore your 401 (k) in the first place: To take care of a secure financial future for yourself. Leaned on the unplugs of money from this goal and will bring you to miss on the benefits of compound interest.

Even if you will have to pay the loan back with interest, the interest comes from you so that there is no current reinforcement. Also, use the money the interest is subject to double taxation since you are paying the loan back with after-tax dollars and will be taxed again if you take distributions.

 

In addition, should you be fired from your job or resign, you will have to pay the loan back within a certain period of time, usually 60 to 90 days; otherwise, the loan balance becomes a taxable payout and will be subject to a 10 percent penalty if you are under the age of 59 1/2. This scenario will only worsen your debt situation.

 

4. Fall for fraud debt relief

4. Fall for fraud debt relief

Many companies tout their ability to reduce their debt. And the promises they can make like the answer you seem to be looking for.

But beware. While some reputable companies offer credit counseling and related services, there are several companies whose main purpose is to take your money. Others try to reduce your debts, but use questionable practices on how to keep your payments aside for several months so you can put where you are behind on your bills so your creditors are ready to negotiate. This can ultimately reduce the amount you pay on your bills, but may jeopardize your credit.

One way to detect a scam is to see if they ask you to pay: if a company requires payment in advance, you are likely to be scammed. Another red flag is when they promise a certain outcome, since no one can guarantee what concessions your creditors will be willing to make. Let conventional wisdom guide you here – if it sounds too good to be true, it is likely.

When you are overwhelmed with debt, it is understandable to want a quick or immediate solution. But keep in mind that you didn’t go into debt overnight, so it’s not likely that you’ll be able to get it out of it so quickly, either. If you want to make sure that you are out of debt for good, you can skip the links.