I have enough money to pay my bills, but it seems a lot of the time, they come at the wrong time. The payment clears before our paycheck gets put in and so the overdraft kicks in and then I owe the overdraft plus fees. What am I supposed to do to prevent that? I am definitely living paycheck to paycheck and it hurts. Should I try a debt consolidation loan to lower my payments. Any suggestions would help. Thanks!
2007-07-10 00:39:42 · 5 answers · asked by ticktock 7 in Business & Finance ➔ Other - Business & Finance
Good Morning Tick Tock. Been thinking of you. If you are buying a home I would try to get a home equity loan & consolidate all your other monthly payments. If you have a credit cards, more than likely by getting a loan on your home would lower the interest rate considerably. I did this once & the monthly payment was considerably less paying one payment instead of a few. It would be a seperate loan & not added to your primary home loan. I believe when I did this it was a 6 year loan. I wish all the best of luck!!!
2007-07-10 01:53:07 · answer #1 · answered by ® 7 · 0⤊ 0⤋
Hi, there are few little things you could do such as; arrange to pay your electricity weekly (direct debit) a little as $10 will make a difference to the total of your bill when it comes in. You can arrange that just by giving them a call. Pay your rego 6 monthly, rates also can be paid off by getting a payment card at the council, you pay on it what you can when you can. If you know you have a big bill coming up and haven't quite got the money, you can call the company and arrange to change the date (extension) as long as you call with a few days notice. They seem be helpful if you let them know what's happening. You can also ring up and ask to change the date of your payments so they all don't come in at once. Hope that's a little helpful???
2007-07-10 01:03:40 · answer #2 · answered by freckles 1 · 0⤊ 0⤋
You should try to contact your creditors and ask them for help on the due date. Explain to them what is happening. Many of them should be able to work with you on that.
A debt consolidation loan at this point is not a very good idea. They often cause problems because we continue to use the services, cards, etc that we are trying to pay off.
2007-07-10 00:48:50 · answer #3 · answered by Mrs.M 4 · 0⤊ 0⤋
Bottom line, live within your means, anyway you can do it, even if it means debt consolidation, analyze your regular expendatures and pinch every penny possible.
One you are stabalized and are actually starting to put money away regularly, you can ease up some times and go splurge from time to time. Just keep in mind, there always seems to be unforseen expenses you should prepare for.
2007-07-10 01:38:28 · answer #4 · answered by SaucerGuy 2 · 0⤊ 0⤋
I think Loan can help you
2007-07-10 00:48:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋