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Send message to kyle.allred
Sub: #1 Cant figure a way out!
Replied on 11-18-2008, 02:04 PM
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Over $100,000 in credit card debt over the years, me an my wife make good salaries, but we cant get a foot in the door to try and get out. It is like we are running a circle and can not get a step to get out of the debt. Call banks to get one loan or try to get a credit card company to take all the credit card debt and see how they would make money off a larger amount and us paying them back, but nothing. Point of we have no clue as to what to do and there is no help from any direction that we are looking.

Thanks for any info!


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Send message to phoenix
Sub: #2
Replied on 11-18-2008, 10:35 PM
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I think credit card debt consolidation will be a good option for you. You can get the following benefits: -


You can also go through the different debt solutions available to you in the following page: -
Debt Solutions - 3 steps and 5 ways to do it


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Send message to mobile0311
Sub: #3
Replied on 11-19-2008, 09:26 AM
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I would look into a debt management Plan with a 501(c)3 non-profit credit counseling company. They can get you one payment but at much lower interest rates "usually around 6%-10%".

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* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
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