i live in NY.
its credit card debt.
2007-09-08 13:42:12 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Contact each credit card issuer and ask for a lower rate. Suggest you will transfer the balance to a lower rate card if they don't. If you are actually spending less than you earn, you can pay them off directly and don't need to consolidate. If you are spending more than you earn, consolidating won't help.
2007-09-08 14:56:39 · answer #1 · answered by STEVEN F 7 · 1⤊ 0⤋
Don't shift your debt around. It will only get you in deeper. Instead pay off the debt you already have.
Make a strict budget. Eliminate all the extras -- cell phone, eating out, new clothes, etc. Put every penny you can squeeze out of that budget on the highest interest rate credit card, while making minimum payments on the rest. When the highest rate card is paid off, move to the next, till they are all paid off.
You could also figure out was to bring in extra cash. Get a second job -- pizza delivery has flexible hours. Have a garage sale.
The more money you throw at that debt the faster it will be paid off. You should be able to pay it all off within 2 or 3 years. Plus you'll have a nice credit history.
2007-09-08 15:31:27 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loanold loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.
2007-09-08 14:58:42 · answer #3 · answered by Value m 1 · 0⤊ 0⤋
The bank of mom or dad might be the only one where you could get an unsecured $12K loan to consolidate credit card debt.
If you get offers here of a loan, if they want an up-front fee to get the loan, beware, they're scams.
2007-09-08 13:49:02 · answer #4 · answered by Judy 7 · 1⤊ 0⤋
particular, in case you do no longer very own a house and prefer to circulate out of renting, a debt consolidation organization could assist you. the elementary way is likewise to in my opinion artwork alongside with your lenders to contruct a charge plan. they're remarkably versatile with customers while they understand they're attempting to pay off debts in somewhat little while. Remeber customer credit Counseling reads on your credit checklist notably much precisely as in case you declared a financial disaster 13 financial disaster. financial disaster whether, does help people who somewhat don't have the different selection to debt mediation.
2016-10-18 09:12:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋
applied for 3 or 4 credit cards and tranfers the balances of your current ones. if you do this you will be able to pay a big portion of your debt without paying any interest. if you do this for a year paying a total of 300 per month you will have 9000 left to pay. do this for at least 2 years and then you will be fine. that is what im doing with my debt.
2007-09-08 13:56:19 · answer #6 · answered by Anonymous · 0⤊ 2⤋
you probably wont be able to get a loan.First i would shred my card then i would try and work overtime and put all my extra cash to the card.just think of the % you are paying every month on the credit card.
2007-09-08 13:50:48 · answer #7 · answered by 8995st 2 · 0⤊ 0⤋