how much r u in debt? if anyone of u are,i always seem to be in debt,i just cant seem to get myself straight?

Question

surely im not the only one?

Answer 1

Credit cards=$800
House=$135,000
Condo=$250,000

Answer 2

No your not the only one. Look at all aspects of your spending cut out what you can. Try to make more than minimum payments, even if just off one debt when that goes then you can start on another. The main point is to NOT to take any more credit , dont consolidate it just makes things worse, and if at the point of not managing then look to an insolvency practitioner who will give advice on your best way to deal with it. Iva, bankrupcy or debt management plan.
It can be done you just have to set a budget and live to it, and as you get rid of each debt then things will improve and you can have fun again but pay for it yourself .
All the best.

Answer 3

Yes, I am in debt and the biggest is my mortgage and 2 bank loans. I have given up store cards and eventually paid them off and with interest at about 29% they are the biggest rip-off of all - never again. I am in my 50s and will have to work til I drop. Even without the debts, I don't think I could live on the state pension and small private pension. Oh, what a thought. Wish you hadn't asked the question because it has got me thinking along negative lines, LOL!

Answer 4

I did owe about £11,500. I wanted to make an arrangement (IVA) but didn't qualify as I'm disabled and incapable of working. I had to settle for bankruptcy and although I had very many reservations about this, it's probably one of the best things I've done as I didn't lose my home ( I rent) or vehicle as when I became disabled and had to stop work I sold it. Of course, this action isn't the best for each and every individual! It just worked out for me. In the middle of April next year, I will be debt free and I certainly don't plan on getting into such a situation again.

I got help from The CCCS who are a free debt councelling service. Ask one of your creditors if they have their number, they help you with budgeting your necessary costs first and then set up an affordable payment scheme, even if it's only "token" payments that are £1 a month. They send you copies of this budget with a covering letter to send to your creditors. Most creditors will accept this payment as it shows you are trying to do something with your situation.

Best of luck to you.

Answer 5

I am in debt, It is a lot better now than it was. I probably owe totally under $6,000. I am on a mission to get debt free. I am sick & tired of these collection agencies & these creditors. With these people calling me all the time it borders on harassment. My biggest payment is my car, I will be debt free within 2 years. My credit is pretty bad. Good Luck !!!

Answer 6

I climbed out of debt. I contacted credit card lenders and told them I was unable to pay. They froze the interest and late payments, so at least the debt was not going to increase, and everything I paid was going to bring it down.

It became easier when I moved to a better paid job. I paid a share of my disposable income to different lenders and carried on until they were paid - no bankruptcy, no IVA, and no adverse effect on my credit scoring in the long term. Now I follow a simple rule - if you don't have the cash in your pocket or current account, just accept you can't afford it and will either have to save or just forget about it. Don't go putting wasteful things like restaurant bills on the plastic.

Answer 7

80% of the population is within one paycheck of being broke or homeless, this country is out of control with credit and debt, congress is trying to make it easier for the public to get out, but the cc companies will always find a waty to make it easier to get in deeper.
You have to be vigilant and budget, give up what you don't need or don't have to have.
try to make some extra money, a second job or take a look at this information, it's free, follow the link and read a couple pages it won't take but a minute.

http://shoplinksonline.com/

Answer 8

I'm not in debt at present and have been helped by Citizens Advice to achieve this.
Visit them and, if possible get a specialist adviser (they are thin on the ground at present due to funding restrictions by local authorities).
You will get good, free, independent advice.
Make a plan of your future income and expenditure and, after advice, try to keep to it or, even better, beat it.
Good luck.

Answer 9

Stop spending money on things you dont need. I used to be a collections advisor for a bank, and trust me its not only you in debt theres thousands of people who are having financial difficulties.

Answer 10

quit wasting money, and don't tell me your not, because I know you are. Like the restaurant you went to today, and the clothes you bought last month. They were unnecessary. Quit spending what you don't need until you can save some money each month and pay off your debts.