CC/moving/college debt
Date: Mon, 01/21/2008 - 17:28
Lets see. I ran a home based business that eventually went under, went to college, and moved a few times for various jobs that ultimately didn't work out.
I have around 30k in debt, 90% of which is on credit cards (some medical stuff and car too). My credit rating is "fair" and I am not behind on any payments.
I now make 40k a year, but my cards are maxed out and the payments+fees will soon exceed my ability to pay and become behind.
What is my best situation for getting back in control? I could probably get a debt consolidation loan with a parent to cosign for it.
I don't think I could negotiate lower balances with my cards because I am not a delinquent account yet, but I expect that will happen within 3 months at the current rate.
Any thoughts would be appreciated.
I have around 30k in debt, 90% of which is on credit cards (some medical stuff and car too). My credit rating is "fair" and I am not behind on any payments.
I now make 40k a year, but my cards are maxed out and the payments+fees will soon exceed my ability to pay and become behind.
What is my best situation for getting back in control? I could probably get a debt consolidation loan with a parent to cosign for it.
I don't think I could negotiate lower balances with my cards because I am not a delinquent account yet, but I expect that will happen within 3 months at the current rate.
Any thoughts would be appreciated.
Welcome to the forums :) When you signed up to be a member did y
Welcome to the forums :) When you signed up to be a member did you ask for a free consult? Seeing as it is all CC debt you should contact a debt consolidation company and see what they may have to offer for you. There are a couple of companies that are talked about on here. But before you decide that is right for you and you pick a company to help you, make sure you check them out with the BBB and your state to see if they have any complaints against them and see how they are rated.
You could also attempt to explain your situation, and see if the
You could also attempt to explain your situation, and see if they would work with you on the interest rates.
