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!
Since you have just one credit card and one bank loan, I think you could definitely try to work with these lenders to get things on track. You'll feel good about yourself when you get on top of it all!
It's not too late to restore your credit and with some time and disipline, you CAN do it!
My debt is pushing me over the edge... what should I do?!?Honestly, stop buying things you can be without.
Be extremely selective ie dont eat out, buy groceries (necessary ones) and cook big dinners that you can eat for several days. Get an extra job and save, save, save.
Try to start payment plans with whoever you owe, and just pay on time everytime. Pay everything off little by little and balnce your checking account. You should talk to a manager at the credit card co. and bank and explain your situtation and work with them on payments thats all.
You will have to work a lot- the more you work now, the quicker you can pay them off and hopefully be done by christmas 2007.
My debt is pushing me over the edge... what should I do?!?Don't try to go it on your own. I've been there and it doesn't work. Definitely try a debt counseling service such as Family Credit Counseling Service or one of the counseling services you see on TV. They can get your payments lower and also try to lower your interest rates - especially on credit cards. If you have equity in a home, try going to a place like CITI Financial to see if you can get a debt consolidation loan. That's what I did and I'm glad I did. If you have to, try to get a second or third job until you are back on your feet. Go to FreeCreditReport.com to print out copies of your credit report and credit scores. Do anything (legal) you have to to try to raise your score. But, go to one of the debt counseling services first. They can tell you what you have to do or where you have to go.
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