this is my situation.Im 27 and I've accumulaterd about $15,000 (this includes late fees & finance charges) on 5 different cards,all credit cards. I could never afford to pay anything because of my low paying job.
Now I am getting paid more, so I can put aside a few hundred dollars a month to start paying them off but since there with different agencies i feel this might be difficult.
All these debts are now with collection agencies, its been exactly 2 years since I made my last payments on the credit cards, so they've been with the CA for about 1 year and a half. What is the best way for me to work this out? should i go to credit counseling and have them try to reduce my debt and be able to make one payment each month? should I try to contact the collection agencies and work with them? or perhaps contacting the credit card companies themselves and see if i can settle that way?
Thanks for in advance.
2006-10-25
13:14:33
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7 answers
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asked by
myshella
1
in
Credit