If you are seriously underwater, you are probably asking yourself "how can I get someone to pay off my debts?" While we would all like the lottery man to come along and award us a check for several million dollars, the reality is that is not going to happen to most of us.
Still, you may have options.
It is not unheard of for a family member or close friend to step in and cover someone's debt.
Credit card companies prey on new college students with all kinds of incentives.
Even though these 18 year olds have no money other than their student loans, the credit card companies know that in many cases a parent will pay off the debt rather than have their child start out their adult lives with a black mark on their credit.
People may be willing to pay off your debt if you promise to clean up your act as well.
This may involve making (and sticking to) a responsible budget and cutting up your credit cards.
While you will be making a moral obligation to the person getting you out of trouble, this can be a good solution for some people.
But most of us don't have "angels" who will help us out of a bad situation.
That is why debt consolidation companies have become so popular.
These companies will negotiate directly with your creditors to secure lower payments.
They do this through a combination of reducing the principle, reducing the interest, and stretching out the payments over time.
A debt consolidator may be the best answer to "how can I get someone to pay off my debts" for the rest of us.