I am having a lot of credit card dept.. and if i dont appy for bankrupsy how do i get out of this mess i am in..... i need real help?
2007-01-12 03:51:31 · 3 answers · asked by ceemagiclydia 2 in Business & Finance ➔ Credit
Check with the companies to see if they will reduce the interest rate. Put away or cut the cards in half and quit using them for anything. Check about a consolidation loan to pay the higher interest cards off completely. Pay the total interest charged each month plus some of the principal on each card monthly. This way you aren't paying interest on interest. You will have to put yourself on a strict budget and tell yourself "No, I can't afford that now" on non essentials for a while. It can be done-just takes patience, perseverence, and will power.
2007-01-12 04:00:52 · answer #1 · answered by Country girl 7 · 0⤊ 0⤋
I don't mean to advertise on this but i know bank of america has something called gold option lines of credit used for debt consolidation, with no equity required and reasonable terms. If you have a home though I would go for home equity loan.
2007-01-12 12:41:44 · answer #2 · answered by Joe N 2 · 0⤊ 0⤋
You should talk to a lawyer, he/she will counsel you on how to go about it.
2007-01-12 11:55:59 · answer #3 · answered by Silver Fox 3 · 0⤊ 0⤋