Check nfcc.org. They have contacts for legitimate credit counselors in your area. They will help you set up a budget and work your way thru that debt.
You are definitely going to have to re-think your spending habits and downside. And put more money on those credit card accounts.
Pick one account (highest interest rate) and put every extra penny you can on that account, while making minimum payments on the rest. When that one is paid, move to the next, till they are all paid off.
2007-09-07 04:19:49
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answer #1
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answered by bdancer222 7
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be very afraid of debt consolidators, they are in it for their own dollar, my husband used a debt consolidator before we were married, when he went into the service because his recruiter told him it was the easiest way to have all your accounts paid while he was in training, the company you pick will take control of your accts and try to make deals with the companies you owe, which sound great until they don't follow through and don't tell you wants happening, two of his account didn't want to agree to the lower interest rate suggested by the consolidator, so the consolidator didn't pay they, he had two accounts go into collects before he even know that payments weren't being made, his credit score is only just now recovering after 6 years
2007-09-07 03:40:26
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answer #2
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answered by stodgypodgy 3
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Hi,
Yes, you should be very cautious while choosing a debt consolidator. There are so many fraudulent elements that will take your money as run away. Check out http://financeguru.consumerspot.info for some useful info and tips on finding a debt consolidator online. Good luck!
2007-09-07 03:35:48
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answer #3
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answered by Percy 1
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Debt consolidation is a scam in a pretty package. Just call all your creditors and ask them to reduce your interest rate and explain your situation. Most companies will work with you. Just keep paying them off, smallest balance to highest balance, and once you pay one off apply that amount to the next highest balance. and for goodness sakes, CUT UP YOUR CARDS! and STOP borrowing money!! Good Luck! :)
2007-09-07 03:42:15
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answer #4
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answered by lisamtracy 2
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those businesses additionally get carry of money from the mastercard businesses themselves, its called "honest share". basically those businesses are midsection adult adult males for the mastercard businesses. The mastercard businesses dictate how plenty activity is charged and what the minimum charge would be and there's no negotiation on that. Plus in case you omit only one charge you're in threat of being kicked off this technique, there is an fairly intense proportion of human beings who do not graduate from those classes.
2016-11-14 10:20:44
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answer #5
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answered by Anonymous
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in you case the fees will really be high -- did you every think of selling anything and everything is is not ties down and downsizing you life -- just wondering if you can get out of debt this way as quickly as you got yourself in this much of a bind!!!
2007-09-07 03:36:27
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answer #6
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answered by Anonymous
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