Have any of you been in debt up to ur eyeballs!?? ugh...well I am...how do you get out??
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!
The card you kept open might still be available then. Interests rates will be high but you should never use it for more than you can pay end of month ever again.
This will work. Go to a bank and put your pay check in it after a year or so to open a savings account. Walk over to the loan officer and ask for a loan of the amount you have in the savings. Use the savings to secure it. Pay it off in a short time with another pay check and then your savings is freed up and you have a good credit record at that bank.
Know your rights with credit collectors. Hang up the phone. Learn your lesson. Save the money then buy. Do not waste what you would have paid the crads etc. Savee it and use it to get out of debt.
Do this and you will find it will work if yu have the will to stick to your plan. I did it. I got out of debt and still had credit at the bank. Still had my house. Still had a credit card. And beleive it or not pretty good credit buyng a new car 2 years into the mess. Other than the court fine you will not go to jail. You probably will not be sued because you cannot get blood from a turnip. The student loan will follow you for years and you may lose any professional licenses if its not paid.
I know you made the debit but you simply made a mistake you cannot afford to remmedy in full. You are not alone. Banks know the risk and we all pay for it.
Have any of you been in debt up to ur eyeballs!?? ugh...well I am...how do you get out??Have a look for article : Bad Debt Management - A Perfect Solution to Multiple Debts
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