Husbands' insur. didn't cover him very well, called an ambulance he was paralzyed, spent 3 nites in neointensive care ended up with "Graves disease",he had radiation twice to kill thyroid, racked up huge hosp. bills, took place between 2001 & 2002 so had both years "out of pocket" put balance on credit cards, prior 2 that I took him off my insurance 2 help my company save money, "dumb" move! Due to high CC rates we recently both borrowed against our 401K, now repaying those loans & still have some CC bal. (couldn't pay them off totally), can't make ends meet! He went 2 work in another state to try to make more $$ which cost us more $$ because we now were supporting 2 households, that lasted 6 months, can't sleep, eat, or enjoy life!4 full story u can email me @ hoping4miracle.today@yahoo.com
PLEASE - NO LOAN, FINANACIAL ADVOCATE, ETC... comments or soliciting... CAN'T DO IT - THAT'S MY PROBLEM - trying to get away from paying for the next 50-70 years!!!!!!!!!!!!!!!!!!!!!
2007-11-28 16:17:51 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
rick has some the answer but start with the debt that the highest interest and pay it off first!!!
2007-12-02 10:16:21 · answer #1 · answered by Anonymous · 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.
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
2007-11-28 16:21:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
on the exterior I would desire to accept as true with the different responders. pay off the mastercard debt then tear them up. yet actual the suited answer would nicely be greater complicated than that. in case you pay off the mastercard debt and then turn around and rack up greater debt on the credit taking part in cards, you have not got something to instruct on your issues. regrettably, a lot of human beings fall into that capture. won't manage to help spending the money they have not got. Now in case you place the money right into a Roth IRA account, that money is going to be fairly complicated to get to interior the destiny and is greater many times risk-free from being spent. In different phrases it is an investment on your destiny. the disadvantage is which you will nonetheless have that miserably mastercard debt racking up pastime at a cost it fairly is plenty greater than you are able to assume to obtain on any investment you would be able to make on your IRA account.
2016-09-30 07:13:44 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Your local community service organization should provide some form of benefits assessment; they won't give you money to pay your bills, but they can help you find agencies that will cover other expenses, like Food Cards, medicaid/medicare, social security, welfare, etc. Check your phone book to find the one closest to you.
Hope things start looking up for you.
2007-11-28 16:38:59 · answer #4 · answered by Piggiepants 7 · 0⤊ 0⤋
there may be support available from some church groups but money is not usually given too many times have they given to find out people have ripped them off but ask what can it hurt sometimes govt can help and more rarely banks can suspend interst rates until you get back on track
2007-11-28 16:23:13 · answer #5 · answered by bilbobagsend 6 · 0⤊ 0⤋