Which is to say, the speaker has acknowledged that the accounting shenanigans used to get this bill passed in the teeth of statutory spending constraints are basically bullsh**. But thereâs a lot of bullsh** going around Washington just now.
So then I tried the âlittle debtsâ approach. You knowâ¦ Pay off the smallest debt, then take the payment you were making on that and put it against the next debt. Thatâs often called the debt snowball, and the idea behind it is that seeing that âwinâ early is supposed to motivate you.
A less formal way to get some of your debt written off is to do a deal with your creditors. If youâve got a lump sum you can pay towards your debts then many companies will be willing to accept a lower amount to clear the debt.ankruptcyâs definitely not something to be taken lightly, but it can be a way to deal with a debt problem that is otherwise impossible to get out of. So bankruptcy can be a way to get debts written off, but it isnât an easy way out and you need to get good advice before deciding to proceed.