2007-08-01 05:37:45 · 2 answers · asked by dial944 1 in Business & Finance ➔ Credit
$100/mo will not even keep pace with interest. You need to rethink your spending. Find ways to decrease your spending and increase your income. Get a second job.
Sit down and make a strict budget. Eliminate all the extras -- premium cable and internet, cell phones, eating out, new clothes, etc. Put every penny you can squeeze out of that budget toward the debt.
If you can't come up with more money to put on those debts, see a lawyer and check into bankruptcy. Bankruptcy will stay on your credit for 10 years.
2007-08-01 05:51:08 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
If you file bankruptcy, the new laws are structured that you will have to pay some of the money back anyway... and your credit will be affected for the next 13 years...
Better off just paying the money back....it is only a $100/mo. I wish that I could do that...
2007-08-01 12:41:45 · answer #2 · answered by iamtooproud 5 · 0⤊ 0⤋