DEBT and More Debt
Date: Thu, 06/14/2007 - 08:37
Hi Darltk Most of us have been in similar situations. Don't w
Hi Darltk
Most of us have been in similar situations. Don't worry. You will come out of all this mess. Have you gone through your total outstanding balance? You may give a call to your creditors and explain your financial situation. They might set up an easy plan for you. Or you can speak to a debt counselor for professional help. He will analyze your income and expense and work out a suitable plan. Then he will negotiate with your creditors to reduce the interest rates.
Hello I can understand, lots of us here are in similar situation
Hello I can understand, lots of us here are in similar situations, but you didn't mention if your bills are late or if you have been able to keep them up. Maybe you could post some more information so we can provide better responses. From just reading your info, yes calling the companies is an option, but have you also looked at your other bills? and:
Have you reviewed your budget, do you have one?
Have you gotten rid of unnecessary things? Switch to basic cable, get rid of cell phones, have one land line.
Have you researched car insurance lately, and why is your 20 year old still on your insurance? If she's on is she helping with the payment? Either way, go online and research see if you can find better insurance, I did this and saved almost $50 a month.
Do you need both cars? Can you sell one?
Just some ideas that might increase some cash to apply towards your debt.
