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 Posted: Sun Aug 27, 2006 6:28 pm Subject: Too many credit cards and barely enough money |
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My husband and I just got married in July and paid for our wedding by ourselves-- mostly on our credit cards. Now we have too many credit cards and barely enough money (and some days not even enough) to make the minimum payments. I've been late paying them and now our credit is so bad that we can't get a consolidation loan from anywhere?!?!
NEED HELP!!!
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luckyfinwa
Joined: 27 Aug 2006
Posts: 1
Debtcc Points: 48
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| Posted: Mon Aug 28, 2006 4:29 pm Subject: |
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Perhaps, a consolidation program will be a good choice for you. You will be able to put control on your credit card debts and stop them from adding further charges. Things will get tougher if you aren't putting it under control. Try a free quote from a debt counselor and see if it helps in your case.
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Christina
Joined: 13 Jul 2006
Posts: 443
Debtcc Points: 6429
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| Posted: Mon Aug 28, 2006 4:34 pm Subject: |
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Welcome to the forums  First off,know that you aren't alone.If you signed up for the free credit counseling ,someone will contact you soon.Sometimes,consolidation,instead of consolidation loan can benefit you. You will have lower interest,one payment a month,and hopefully will soon get you on your feet! Congrats on the wedding...Karen
_________________
As long as you are alive, there's always hope
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Bossy4455
Moderator
Joined: 27 Feb 2006
Posts: 5441
Debtcc Points: 64120
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| Posted: Tue Aug 29, 2006 7:24 am Subject: Credit cards |
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Karen, you are not alone. I find myslef in a similar situation. I just found this website today and I am hoping it can help!!!
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mandaboo4
Joined: 29 Aug 2006
Posts: 1
Debtcc Points: 16
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| Posted: Tue Aug 29, 2006 8:19 am Subject: |
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luckyfinwa and mandaboo4, it sounds like both of you should consider a debt management program (also known as debt consolidation or credit counseling). This is not a loan, so you do not need a great credit score or anything. In fact, it is designed to help you improve your credit and get out of debt. Whatever you do, you certainly want to act soon. The longer you wait, the farther you'll fall into debt and the less options you will have. I've seen far too many people wait until they have no other option except for bankruptcy, and I'm sure both of you would like to avoid that.
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dmj210
Joined: 20 Mar 2006
Posts: 123
Debtcc Points: 2809
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