2007-09-16 12:12:40 · 4 answers · asked by I <3 Me 3 in Business & Finance ➔ Personal Finance
Well it's not really enough information to work with but you should probably get a part time job and devote all of the money to these bills. Live poor, no waste, no eating out, to increase your ability to pay. If there is credit card debt, move the money around with balance transfer offers to get them all at the lowest interest rate possible. Don't add any more debt. If you do get a part time job, make sure they are taking out enough in taxes that you don't OWE money at the end of the year, because that can happen when you work two jobs. This amount isn't insurmountable, but you have to get serious about getting rid of it.
2007-09-16 12:29:45 · answer #1 · answered by The Scorpion 6 · 0⤊ 0⤋
Call all of them and work out a payment plan and try to get your interest lowered or stopped.
Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.
You probably need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control. Take a sandwich for lunch. Cancel the gym membership. If you
Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.
Go to the library and get "The Total Money Makeover". Read it and follow it carefully.
Go check out Dave's website as well.
www.daveramsey.com
2007-09-16 12:15:42 · answer #2 · answered by Anonymous · 3⤊ 0⤋
Not enough info, but start by changing what you're doing that got you into debt in the first place. Get serious and carefully purchase only things you need, like food and shelter. Pass on buying things you just want, because they make you feel good.
You should ask someone that cares about you for their advice. This is not a time to be afraid to ask questions to help get your debt issue resolved.
2007-09-16 13:53:13 · answer #3 · answered by WonderingMan 2 · 0⤊ 0⤋
Bills including the mortgage and total amounts due on vehicle loans ?
Guess it is time for you to meet the credit counselor .
If you file for bankruptcy , they will send you to one before it gets processed .
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2007-09-16 12:17:52 · answer #4 · answered by kate 7 · 1⤊ 0⤋