My debt is pushing me over the edge... what should I do?!?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
credit counseling. they may very well be able to
negotiate time for you to get caught up without further
damage to your rating. of course you will then need
to stick to a budget and pay according to the agreement.
hang in there,the tunnel has an end.
My debt is pushing me over the edge... what should I do?!?This is not about your lifestyle - this is about your perception of yourself. Give it up. You do not want to become a slave to those cards.
Learn the lesson - You can not afford what your buying!
STOP charging - find other ways to survive. Get a roommate.
But remember - More money does NOT equal more to spend!
My debt is pushing me over the edge... what should I do?!?This is a common problem among college age Americans.
First, the cause of the problem is that too many people use credit for the wrong reason. Credit should be used primarily to by assests (things that actively make us money). Cash is what should be used to by liabilities (things that lose value the minute they are purchased, decrease in value with use, or require more money to maintain them over time).
Now, the cure. The only way your are going to pay off your debts is to stop the interest and late charges from accruing. One way to do this is to contact a credit consumer company (CCC) to help you negotiate with your debtors. They will negotiate with your credit companies, stop interest and late charges from accruing, and sometimes even reduce the amount that is owed. The catch is, you have to abide by their payment policy. If you default on them, then the companies can come back at you in full force.
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