Trying to get out of debt

Hi lauwa

Maybe, you are experiencing problems with your credit card debts due to the high interest rates. Most of us are in the same situation. The money you are paying towards your debt is going in interests alone. How much is the total debt?

about 12,500

lauwa,

Since you have registered with the site, a credit counselor should contact you soon. Debt conslidation may be the way to go. No, I don't mean a loan to consolidate all of your debt. There are a few options that you may want to consider but there is a way out. Welcome to the forums :)

Welcome to the forums :D You aren't alone in how you feel,we all have,or are,in the same position. Since you signed up ,someone will contact you regarding options you have that you may not have thought of. Consolidation can be of great benefit,it can lower interest,and you will have one payment monthly insteasd of several.We are hear to andswers questions you may have and to support you in becoming debt free.Good Luck...Karen

oops! Guess Mischele and I posted at the same time-great minds think alike :lol: ...Karen

It will be easier for you to put all the accounts under one payment plan. Doing this, the interest rates will be negotiated and some saving will occur each month. You should talk with a debt counselor and analyze your financial situation. He will frame your repayments that suit you and do the credit repair. This program has many benefits to offer. The important ones are listed here. I hope it sounds helpful.

http://www.debtconsolidationcare.com/benefits.html

I am very afraid of what they may do i tried talking to them today because they called my job stating that this was a legal matter. When i got home from work i called them back And the representative was very nasty over the phone. I told him i could make payments but just hung up the phone i don't know if i'm going to hve to go to court or not he told me i better get a lawyer but i can't afford it

Sophia

Try to send your proposal in writing. You are safe till the point you are making efforts to pay the debts. Written proposals will prove your point in the court. Send some money in advance so that you will figure out your proposal as accepted if they cash it.