2007-02-21 05:21:38 · 6 answers · asked by o 1 in Business & Finance ➔ Credit
try this
www.daveramsey.com- He is a financial counselor - he is on many radio stations across the nation and has a few books out. He suggests this - 1- have a $1000.00 Emergency fund- #2 cut up all credit cards. #3 pay down your cards smallest balance to largest
2007-02-21 05:30:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
First of all, figure out how much you can afford to pay towards bills every month. Divide that up between the bills. You need to try to pay more than the minimum payment they are asking for. If this is credit card debt and you are only paying the minimum payment, it would take you your entire life to pay them off.
Take the bill you're getting charged the highest amount of interest on and pay an extra $50 or $100 or more, whatever you can afford, towards that bill every month. Once you have that one completely paid off, take the next one in line and start applying what you had been paying towards the one you just paid off, to that one. Keep going and get them all paid off and don't ever charge up $30,000 again.
If any of this debt is student loans, contact the US Department of Education and get all loans consolidated into one loan and one monthly payment. Negotiate the lowest interest rate you can. A web link is listed below for student loan consolidation.
2007-02-21 13:33:29 · answer #2 · answered by Faye H 6 · 0⤊ 0⤋
I dont really know but would like to and I really wish when someone has bills that large the world would quit thinking its because the person has run up credit cards.My doctor bills are way over 100thousand dollars and I have never even seen a credit card let alone use one.My credit sucks cause insurance sucks and dont pay worth a thing
2007-03-01 11:11:40 · answer #3 · answered by toomuchpain 5 · 0⤊ 0⤋
See a credit counselour. They help out a lot. They can put you on a budget and get the credit cards to lower or get rid of the finance charges. It can help. Do not file for bankruptsy...its harder then it used to be. Believe it or not your debt isn't that bad compared to some.
2007-02-27 11:26:38 · answer #4 · answered by Pepper 6 · 0⤊ 0⤋
Start with the high interest bills then prioritize as most important to least, like utilities and housing then creature comforts and so on down the line.
2007-02-21 13:32:34 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You could try a "bad debt" personal loan. This site has some helpful information about various loans and you could find out if you would qualify for one to pay off your debt. Good luck!
http://loan.divinfo.com/
2007-02-21 13:50:14 · answer #6 · answered by Reenie 3 · 0⤊ 0⤋