Oct
12
Getting Out of Debt?
Filed Under Credit
L R asked:
I am in Debt for about $10,000. It’s all credit card bills. I owe about $3500 on one and about $5000 on another and a few minor on two others. Anyhow, each month it’s $125 for one and $100 for the other and it’s getting to be too much for me to pay along with all my other expenses. Does anyone have a good idea on how I can get out of debt and fast? I’ve already filed bankruptcy once and can’t go that route. I was going to try Consumer Credit Counseling but I don’t know if I want to pay them each month for doing this. Any good Suggestions will be helpful. Thanks.
LOGAN
I am in Debt for about $10,000. It’s all credit card bills. I owe about $3500 on one and about $5000 on another and a few minor on two others. Anyhow, each month it’s $125 for one and $100 for the other and it’s getting to be too much for me to pay along with all my other expenses. Does anyone have a good idea on how I can get out of debt and fast? I’ve already filed bankruptcy once and can’t go that route. I was going to try Consumer Credit Counseling but I don’t know if I want to pay them each month for doing this. Any good Suggestions will be helpful. Thanks.
LOGAN
Comments
8 Responses to “Getting Out of Debt?”
Leave a Reply
ORLANDO
go with consumer credit counseling, it is a good program and after all is done your credit will be restored. you say you do not want to pay them for doing this, well think about this it is you who are in debt, it is you who caused the debt. the only other way is to contact the credit card companies directly and reach an agreement, what will happen is that they will dictate how much they want back in ONE LUMP SUM. why? because you already messed up so why should they trust you? if you fail any payment the interest rate will skyrocket.
GERRY
If I were you I would get in touch with consumer credit counseling - if you have £100 leftover every month they can write to your creditors and arrange a debt management plan. - They don’t charge you anything as the credit companies pay them for their service. You should definitely give them a call as they are very friendly and can advise you either way. Good Luck.
LOREN
Come on now you have filed for bankruptcy once and you are in this much trouble again. Did you not learn anything from your past mistakes? What are you doing with that many credit cards? I hope you at least used them to feed your family and not for living in the moment and getting whatever you want. The first thing is you need to stop using the credit cards, make yourself a budget and only buy necessities food, shelter, medical if your shelter is costing to much you might have to find something cheaper. You do need help, but I don’t what kind there are a lot of people that have to live on very little in this country and they have to stay within their budget you have to learn to do that. Good luck to you I hope you find a way out of this.
EVAN
Heres a suggestion which worked with some people. Call the the card company and ask to lower the interest rate. If you look at it right, it will favor them in the long run and it will give your some breathing space. Oh yeah, cut off your credit cards.
OSCAR
Consolidating debt is an ideal way to reduce your amount and tenure of debt. You make a single payment to one lender on a certain date and this will help you clear off the debts faster. But the fact remains that debt consolidation is not easy all the times. If you owe a lot of money, obtaining a consolidation loan at the lower rate of interest can be difficult. Choosing a high interest loan can increase your debt.
The primary aim to consolidate debt should be to reduce your total costs. To achieve this, you have to consider the following two points:
-Shop around for the loan with the lowest interest rate.
-Chalk out a strategy to clear off the debts in 3-5 years.
The following are some of the best methods of debt consolidation:
ROYAL
I suggest you to join a debt settlement company who will negotiate with your creditors on your behalf and try to bring down your principal debt amount by around 30% to 70% depending on your credit cards.
You can make affordable monthly payments and get out of debt within 3-36 months. There are no upfront fees and hidden costs associated with the monthly payment options.
Check out this debt settlement company who helped me out with the unsecured credit card debt situation.
Good Luck
PARKER
I am Mr Peterson Chris.I am a legitimate loan lender who gives out loans at low interest rate of 3%.Are you finacially down?Do you want to pay your bills?Is your credit score low?If yes,then you are in need of a loan.I deal with only honest people who are really in need of this loan.If interested contact me today with the loan of loan you need so that my loan terms and condition will be forwarded to you.You are to mail me or contact me through this email address
CESAR
You should opt for debt consolidation. When you gets into a debt trap it becomes difficult to get out of it. Taking more loans to repay the debts leads to more stress and financial crisis. Finally, there is no option but to adopt debt consolidation, which leads to a new llease of life. Many people receive abusive calls from debt collectors and are stressed. Hence opting for debt consolidation is the number one solution and helps to overcome abusive calls and be free from mental stress.