I need help! Recently divorced, and way buried in student loans, cc debt. Know any comp. that can help??

Question

I have over a year on the job, and make between 4000, and 5000 a week. My credit was crushed in the divorce and I need help getting everything back on track???

I meant 4000, 5000 a month, but my credit got crushed in the divorce (540-550)?

Answer 1

I don't understand your income, $4000-5000 a week? That would be over $200,000 a year.

Get your credit score at myfico.com to determine where you need to begin. If over 640, you should be able to get a personal loan to consolidate the debt or a home equity loan.

You probably will need to approach each bill separately. See if the student loans can be deferred for a few months or year or be refinanced at a lower rate. Call the credit card issuers and see if a lower APR is available.

Visit your local bank and ask for help. They have many loan types available and may guide you in establishing credit.

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Answer 2

With income like that, you should be able to straighten out your finances pretty quickly, like within a year or so get the cc debt paid off or way down, and get current on student loans.

Answer 3

What about meeting with a financial advisor and working through the details. They will be able to offer solutions and suggestions for what will work best for you. If you are making that much a week, you should have no problem getting abck on track quickly.