5 Extreme Ways People Paid Off Their C. Card Debts

Posted by Michele Lerner- Daily Finance

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We’ve all heard of the usual ways people try to save or generate more money to pay off their debts: cutting out the daily latte, brown-bagging lunch, getting a weekend job, or starting a side business selling clothing, toys, or beauty products.

But some people go to extremes to find ways to accelerate their debt payments and get rid of the IOUs once and for all.

We asked credit counselors across the country to share some of the more dramatic approaches their clients have used to get out of debt.

2435079-third-degree-female-black-belt-martial-artist-demonstrating-a-high-kickBecome an eBay black belt. While many people sell items on eBay, not all of them are as resourceful as one client who went to the Consumer Credit Counseling Services of Central Oklahoma in Bethany, Okla., and was put on a debt management plan to pay off about $30,000 in debt over four years.

The woman began to send in extra money — on a frequent basis — to pay off her debt. Turns out she was earning that extra money through eBay.

“She told me that she found a way to inexpensively buy basic items like cookware and underwear, and was able to sell them on eBay to people who lived in really rural, remote areas,” says Cristy Cash, director of counseling with CCCS of Central Oklahoma. “She said most of her clients had P.O. boxes in places like Alaska and Canada. She was doing so well that she paid off her debt in full in two years instead of four.”

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