Help! In too deep with Credit Cards!!!
Date: Sun, 11/26/2006 - 12:00
Hi there. I feel your pain. I started out pretty much the same w
Hi there. I feel your pain. I started out pretty much the same way, right out of college. You did not meantion what kind of job, if any, that you have? With the new bankrupcy laws, that might actually hurt you more than help you. First step is to determine how long it would take to pay down with your current income and if that will not give you a livable situation, you need to look at either alternate ways to bring in money or perhaps credit counseling.
Congratulations on the impending graduation. Your parents are pr
Congratulations on the impending graduation. Your parents are probably very proud.
You need to relax--you're young and have so much time ahead of you that bankruptcy is not a good options. Your best bet is to set-up a payment plan with the creditors at a lower interest rate to repay this debt slowly but surely. You can either consult a credit counseling company or use a settlement company that will reduce the total amount of debt you owe without having to file for bankruptcy. If you register here, you can get a consultation about what option is good for you. You can also call a few reputable settlement companies like SDS and forgetadebt.com and see if that's something that works for you.
Most importantly, don't worry about this too much. It sounds like you're a smart kid and I'm sure you can resolve it.
debt
hhaguland, Welcome to the forums. Since you have registered a debt counselor will be contacting you shortly. I am sure they can be of assistance to you. Since you are so young I would agree with previous post about bankruptcy where there is a will theres a way. Best Wishes Kyside38