I'm $7000 in debt and I need to rid myself of that debt before I can start my new life with my lovely english wife. My credit is horrible but I wanna ris myself of all my debt so i can try and improve it. Is there anyone I can talk to about consolidation loans or if anyone has any ideas about what I can do. I love my Girlfriend and we can't start our life together til i do this. PLEASE HELP!
2007-01-01 15:29:01 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
if you look on your credit report, each egency or whoever you owe, the credit collection agency is listed there, call the numbers and ask about setting up payments and see if they are willing to settle.. most places will settle for way less than what you owe, u just have to call and talk to them... atleast your not any further in debt, you could knock that amount right down with payments and with them lowering the amount and settling for less u could get a big break!
Good Luck!
2007-01-01 15:34:20 · answer #1 · answered by Jennifer B 2 · 0⤊ 0⤋
A few options:
1. If your debt was turned over to a collections agency: They will likely dog you to get the full amount right away. They'll tell you to borrow from your family or friends or take out loans on your house, etc. What they won't tell you right away is that they often will settle for a lesser amount. Otherwise, tell them you'll set up a payment plan. Stay on that payment plan until it's paid and they won't bother you again.
2. If you are late on payments but it hasn't gone to a collections agency: Call your credit card companies and talk to someone about figuring out a way to catch up. Once in college I got very behind in payments. I talked to the company and they helped me by considering my payments current again so I could catch up. It was a one-time reprieve, but it got me out of the late-payment cycle. You could also ask them to lower your interest rate. It will help you pay off more of the principal each time.
3. If you simply are looking to consolidate your debt, you can use a home equity loan. If you rent, try a personal loan from Citifinancial or Beneficial. You can try lendingtree.com as well.
4. Or yes, you can get a second job and make more money - using that cash only for your debt payments.
Good luck.
2007-01-01 16:21:37 · answer #2 · answered by Brad2598 2 · 0⤊ 0⤋
before I can start my new life with my lovely english wife.
I love my Girlfriend and we can't start our life together til i do this.
which is it--wife or girlfriend?
7000 is just a part-time job..put your wife or girlfriend to work and you two can pay it off in three months...
2007-01-01 15:35:46 · answer #3 · answered by cork 7 · 0⤊ 0⤋
Stop buying what you do not need.
2007-01-01 15:42:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋