Hello, I am a fresh college graduate with lots of debt and unemployed. The market is hard and I am looking, even for simple jobs that will hire me but no luck so far. Anyway, I have 3 credit cards that equal up to $4000 (Chase, Discover, and one through my credit union). My Chase card is delinquent with 30 days since my last payment. My credit union CC has a fixed payment of $20 a month and is the easiest to pay and my Discover is cheap since it has a $500 limit (most float at $40 a month). I also will be having student loans kick in around November. I have kept up on my payments until I graduated...since then, Chase's payments have slaughtered me.
I live in Philadelphia, PA. I need a consolidation if possible, I've been avoiding Chase but if I could honestly pay them off first, I would be able to pay the other ones much easier. Help/advice/etc. would be appreciated.
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You can attend a free counselling session with a reputed credit counselor first. The credit counselor can suggest you the tips to manage your debts on your own. Try to negotiate an affordable repayment plan with Chase. If this does not work, then you can enroll in a debt consolidation program, wherein all your debts will be consolidated into a low single monthly payment. To know more, check out the following link:
http://www.debtconsolidationcare.com/program.html
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Hi britt.bwebb,
Welcome to the community :)
If you have no problem in making payments on the other two cards, then you can try settling the outstanding debt amount with Chase. However, if you would still want to consolidate the three credit cards, you can talk to a consolidation company who can help you with the consolidation.
Other than that, you can consolidate the credit cards on your own by transferring the balances from the cards that have high interest rate to one with low interest rate in comparison to the other two.
As for your job, you can try making some money through the online money making options like freelancing or blogging, selling item online, or affiliate marketing. Find your own niche and try out the different options that are there.
Hope this helps,
Marvel Becks
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Thank you for your advice about consolidation but after looking into it, I am just honestly nervous about consolidation companies. My credit is not eternally horrible, the lowest my score ever fell was 598. Right now it sits at 630. I am concerned in just putting everything into a company. I would PREFER a loan of 2500 to just pay Chase off. Is there anyway I could do that??
Right now I am selling leftover books and technologies but it will not be enough.
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