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Debtconsolidationcare.com - the USA consumer forum

My Problem

Date: Wed, 10/18/2006 - 20:35

Submitted by anonymous
on Wed, 10/18/2006 - 20:35

Posts: 202330 Credits: [Donate]

Total Replies: 4


I’m a single mother, trying to give my son the best. My employer cut my hours, and I can’t even pay the bills. I have two Payday Installment loans, and a Car title loan two. Just trying to pay my bill, I pay minimum balance just to keep everything on. I have one credit card, which that is maxed out, and I cant even pay on that cause I don’t make enough, I cant afford to quite my job but I am looking for another job. I have 1 large medical bill. I go day by day hoping it will get better but it is not. I’m hoping someone can help me.


You need to find a credit consolidation company. I dont know about the medical bill (usually hospitals will take ANY monthly payment, though) but the CCCS companies will send proposals to all of you creditors to try to get them to accept small, managable payments each month. It can DRAMATICALLY reduce the interest rate on your credit card. It will still take months or years to pay everything off (and you cannot get any more cards or cash advances) but at least you dont throw away full paychecks while only getting further behind.


lrhall41

Submitted by on Thu, 10/19/2006 - 01:11

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Welcome to the forum ash! If you entered all of your details when you registered with this site, a credit counselor should be contacting you soon. They can discuss your situation and explain the options available to you. Depending on how much debt you have, you can either do a debt consolidation plan where you make an affordable monthly payment to the debt consolidation company, and they disburse payments to all of your creditors each month, or there are debt settlement programs where again, you make an affordable monthly payment to the settlement company, and once you have enough funds built up in your account with them, they can start negotiating settlements with your creditors for roughly 40% of what you owe the creditor, depending on the company you work with.

The debt counselor can explain both options and help you figure out which is best for you, as well as answer any questions or concerns you have.

You mentioned that you have 2 payday loans. Are these storefront payday lenders, or loans that you took out online? If they're online loans, you may find that you've already paid the loan off and then some, because internet payday lenders are notorious for charging illegal finance charges and are usually not licensed in most states.


lrhall41

Submitted by Tiffany99 on Thu, 10/19/2006 - 06:54

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I will be fine when i get everything caught up, i took the paid day loans storefront


lrhall41

Submitted by on Thu, 10/19/2006 - 07:56

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They said that they can only do the account that are not connected anymore, so how can i get help with THAT!!


lrhall41

Submitted by on Thu, 10/19/2006 - 08:10

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