I have 3 major credit cards and I'm in a rough situation right now were I can't make payments on them. What can I do to stop the interest rates? And also I'm way over my credit limit now! What should I do?
2007-02-10 16:42:50 · 7 answers · asked by norcam343 2 in Business & Finance ➔ Credit
find some money& shred them right now....
no excuses..get some scissors and cut them up into little itsy bitty pieces.
Consolidate all your cards into one card,or get a loan and have the bank pay them off for you and just pay one loan,and have the bank take the loan payment out of your paycheck.
2007-02-10 16:48:07 · answer #1 · answered by Dfirefox 6 · 1⤊ 0⤋
You can contact the company and ask for a rate reduction. You can go into consumer credit counseling and ask them to negotiate it for you. Or go get another job, and make the payments, this is the best. CAtch up on the payments, cut the cards up and dont go through debt re-organizing, which is very very hard on your credit. Mortgage lenders see it as the same as if you were claiming bankruptcy.
Good Luck
2007-02-11 00:46:31 · answer #2 · answered by batwanda 4 · 1⤊ 0⤋
Try to get a loan. Do not get a loan from a loan shark. Use the loan to pay back the credit card charges. Then you could slowly pay off the loan. If all else fails you can file for bankruptcy but the consequence is that you will have bad credit and they won't trust you. In other words it will be hard to get another loan.
2007-02-11 00:49:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Get a debt consolidation loan. It will allow you to pay off your cards, you'll get a lower interest rate, and you'll have one (lower) payment to worry about instead of 3. Try the link below:
2007-02-11 04:30:04 · answer #4 · answered by Alex K 2 · 0⤊ 0⤋
go to a credit counseling place and they will negotiate a payment plan for you
make sure it is a reputable credit counseling place
if you can't find one, call the credit card companies to arrange a payment plan with each of them
good luck
2007-02-11 00:46:56 · answer #5 · answered by island3girl 6 · 0⤊ 0⤋
You should go to the bank and ask them to help you consolidate your debts. That way they can get the amount reduced and you will pay only one bill.
2007-02-11 00:55:06 · answer #6 · answered by notyou311 7 · 0⤊ 0⤋
Get yourself some good debt management software to help you pay off your debts in order. If it gets to hard talk to your creditors to see what they will offer you.
2007-02-11 03:08:12 · answer #7 · answered by Anonymous · 0⤊ 0⤋