I have over 25,000 in credit card debt and 2 foreclosures as well as some utility bills that i have neglected. I need help please. Thanks in advance no smart alecs please
2006-08-23 17:58:06 · 5 answers · asked by Driz69 2 in Business & Finance ➔ Credit
Have a consolidation
good luck !
2006-08-24 10:03:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Hi John. First of all, stay calm.... Sit down and have a cup of coffee.... Work out all the bills you need to pay every month, such as minimum payment for your credit card, power gas, telephone bills, insurance etc... Cut away all the unnecessary expenses. Tighten up your belt. Spend as little as possible, forget about entertainment and enjoyment. If you have work and have a salary of 2-3K maybe takes you 2-3 years to repay. Try clearing up the Credit card bills first as the interest rate is 24% per annum, 2% per month. It can kill you. Start a new life, simple life. Wish you good luck.
2006-08-23 18:22:01 · answer #2 · answered by Raymond Z 3 · 0⤊ 0⤋
Try talking to Primerica Financial Services, they will give you a free financial needs analysis (financial plan) that will show you how to get out of debt and become financially independent, their services are free, and they can help.....at least they did for me, $10K of debt almost paid off :0) Look them up in phone book
2006-08-24 02:52:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Opt for Credit Counseling Programs which would help you. Contact a credit counselor, and discuss the options left for you.
http://www.complete-debt-info.com/category/Credit-Counseling-Programs.html
2006-08-23 23:54:26 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Read some tips on credit on this site
2006-08-23 17:59:17 · answer #5 · answered by john 2 · 0⤊ 0⤋