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2006-06-26 15:22:27 · 8 answers · asked by jeffKnight 1 in Business & Finance Personal Finance

8 answers

pay 60k to the credit card company

2006-06-26 15:33:07 · answer #1 · answered by biggun4570 4 · 0 0

You can't reduce the debt, but you can reduce the interest, which is what will really eat you alive. Maybe you can get a bank loan with like 4% interest instead of 8-19% credit card interest. Make it a 15 year loan. Then you will probably need to cut costs and get an extra job. If your net income increases $8,000 a year you could probably pay it off.

2006-06-26 17:39:58 · answer #2 · answered by gregory_dittman 7 · 0 0

There are a lot of side things you can do to make money... Do you have a talent? can you speak another language or play an instrument? These are often jobs that can get you some quick, under-the-table cash in jobs like tutoring or performing. I also read a few tips in magazine articles about how to SAVE money and MAKE money.
(from JANE magazine)
saving money:
-switch to vonage. you should save $100 per month.
-ask for a lowball glass at the bar- studies show that bartenders pour more alchohol into short, wide glasses than tall ones. you can save up to $40 a month!
-Get a library card instead of buying books. savings: $40 a month, wow.
-Make a grocery list before shopping- you'll spend 30 percent less. savings per month: $120
-Quit smoking. It's a bad habit anyways, but it WILL save you cash... almost $120 a month!
-Get netflix instead of going to the movies or getting cable. it could save you $80 a month.

side hustle (also from jane magazine)
-sell things on ebay, earn $4,000 a month
-write customized erotica, make $1,000 a month
-Play alternative reality game, quadruple your paycheck at secondlife.com... get a second, virtual job!
-play online poker, rake in $12,000 per month (if you're good, of course... don't want to LOOSE money)
-photograph your feet, and make $8,000 a month (foot fetish sites, you can get paid $25-$75 an hour)

anyways, side jobs are a good idea for someone like you. Whenever i'm low on cash, i sel things that i dont use anymore. you can even go to goodwill and buy things like vintage designer clothing for like $4! i once saw an authentic, vintage christian DIOR wool coat for $5, as that's a standard price. you could sell that for like, $200... that's pretty cool if you ask me. Also, cut back on spending. best of luck...

2006-06-26 15:39:44 · answer #3 · answered by Grace K 1 · 0 0

write a check for 60k to your credit card company...?

win the lottery...?

rob a bank...?

2006-06-26 15:26:43 · answer #4 · answered by CityChic919 2 · 0 0

sign in for a debt consolidation, that will help you, otherwise, you will be paing for years.

2006-06-26 15:35:21 · answer #5 · answered by flowermieses@verizon.net 3 · 0 0

There is some useful advice here.

2006-07-02 04:26:47 · answer #6 · answered by Anonymous · 0 0

Perhaps leave the country and never come back????

2006-06-28 10:40:50 · answer #7 · answered by Anonymous · 0 0

sell a kidney

2006-06-26 15:25:38 · answer #8 · answered by jb1220jb 2 · 0 0

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