With the current economic situation, how to get out of debt is a question that many people are asking. When faced with difficult financial problems, it is all too easy to end up in a lot of debt before you even realize it. Maybe you have been laid off, had a medical problem that has cost you thousands, or had your hours of work reduced. Whatever the reason, you may have been forced to start living off credit cards or loans. And now you're in over your head. What to do? How can you pay off debt now that you are in so deep? You may have thought that things would get back to normal quickly and you would be able to pay credit card debt off quickly. Often this is not the case. Maybe you are having trouble finding another job or you have found out that your hours have been cut back permanently. Or maybe your credit card balances have gotten so out of control that even with a steady income you simply can't make all the payments you need to pay off debts. There are a few things you can do to pay credit card debt yourself. First off, you will never get anywhere by just making the minimum monthly payments. You will need to make at least double the monthly payments to actually start reducing the balances. Most people, if they are serious about paying off their debts, can find areas in their budgets where they can cut back. Do you really need to buy lunches at work every day? Can you go without the expensive lattes? There are lots of luxuries that can be given up to free up some money to put toward your credit card debt. debt