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 Posted: Mon Feb 05, 2007 9:05 am Subject: Helllllppppppppppppp.... I am in debt |
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I am in debt(credit card and student loan a total of 32,000 i am in need of help bad i cant make monthly payments i owe entire balances
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salvataliano22
Joined: 05 Feb 2007
Posts: 1
Debtcc Points: 47
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PinkLady
Moderator
Joined: 15 Jun 2006
Posts: 1450
Debtcc Points: 20327
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| Posted: Mon Feb 05, 2007 10:22 am Subject: |
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If you are not able to afford payments on your credit cards and student loans, start paying the credit cards now and let the student loans wait for some more time. Call the lenders and request for forbearance. You can buy some time from them. When your financial situation improves later or after you have paid off the credit card debts, concentrate on the student loans.
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Steg
Joined: 22 May 2006
Posts: 392
Debtcc Points: 5545
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| Posted: Mon Feb 05, 2007 1:20 pm Subject: |
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Welcome to the Community  Since you have registered, someone will contact you for your free debt consultation. Here is a link on the benefits for you to look at until they contact you at http://www.debtconsolidationcare.com/benefits.html you can combine all your unsecured debt into one payment with lower interest. We are here to help you and guide you through the process of becoming debt free!!.KAren
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As long as you are alive, there's always hope
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Bossy4455
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Joined: 27 Feb 2006
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| Posted: Mon Feb 05, 2007 1:26 pm Subject: |
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Definitely, pay on the credit cards. Contact your student loan lender and get a forebearance. When the forebearance expires, determine whether you can afford to pay on the standard plan. If you can't apply for the income contingent plan. It's about $50 a month. But the forebearance will buy you anywhere from 6 months to a year. Income contingent can get you as much as three years. Just know that interest accrues during the forebearance and income contingent periods so you want to get back on track as soon as possible.
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"There is only one success - to be able to spend your life in your own way." -- Christopher Morley
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DebtFairy
Debt Samaritan
Joined: 24 Dec 2006
Posts: 414
Debtcc Points: 5204
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