How many kind of ways are there to settle large debts asap, other than working or gambling?
2006-07-10 07:34:32 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Call them and ask for a payment plan. Or go to consumer credit counseling. Or get bankruptcy.
2006-07-10 07:38:02 · answer #1 · answered by John Luke 5 · 0⤊ 0⤋
You can call each company and ask them if they will settle the debt. Most places will not do this unless you're behind on your payments though (btw, I wouldn't suggest getting behind on your payments just to see if you could settle the debt).
If they will agree on a settlement, make sure that you get it in writing.
Do you have anything of value to sell (car, electronics, etc.)? Many people can find $500-$1,000 laying around their home. Consider selling stuff on eBay, Craigslist or at a garage sell.
Don't file bankruptcy, go to a cash advance or borrow from a friend.
Contact me if you would like specific help. I have experience in helping peopel get out of debt.
Scott.....
2006-07-10 08:43:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Here are some helpful sources for debt reduction:
Debt Consolidation - Get Out Of Debt
http://www.askaquery.com/Answers/qn1643.html
How to Hire a Debt Counselor? Tips
http://www.askaquery.com/Answers/qn1584.html
What is Debt Relief?
http://www.askaquery.com/Answers/qn1583.html
Debt Management and Building Wealth
http://www.askaquery.com/Answers/qn1581
2006-07-11 00:14:58 · answer #3 · answered by Ben J 2 · 0⤊ 0⤋
if you own a home. Refinance you property trying to get a lower fixed rate than the one you currently have, along with that make sure the term you get is less than the amount of years you currently have left on you mortgage. while doing the refi take enough cash out to consolidate you credit card debt. yes you monthly mortgage payment will go up but most likely you monthly bill out put will go down. + you will get your interest on you mortgage as a write of while you don't get it for you credit card debt.
but if you do not own a home than you will have to lay off the spending for a while along with calling your credit card companies and seeing if they are offering any lower rates. also can try to except new offers at 0% for a year or two to transfer balances.
2006-07-10 08:45:54 · answer #4 · answered by Nicholas S 2 · 0⤊ 0⤋
Beg from a friend, or borrow from a fool, or break into a bank and steal some.
2006-07-10 07:44:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋