25k in CC debt, cannot pay anymore, advice on what to do
Date: Tue, 04/22/2008 - 12:38
One has a huge debt of 11.3k, but with low interest. The other cards are mid range interest rates.
I have got to do something or we will just be ****ed for good in a couple of months. We simply cannot pay four monthly payments a month. It comes to $650 or so and then we are wiped out and forced to use the credit cards for basic needs.
What do I do? I called Chase the other day to talk and they pretty much blew me off. Obviously I need to talk to someone else over there, but who and how?
It is so important that our credit score not go below 700. So far we have never missed a payment and kept it above 720, but so what? We're now screwed anyway.
We live in a crap apartment in NY and must leave at the end of the lease. We have to get a better place for safety and health reasons. But if our score goes down below 700 we will likely be denied already. My wife will not tolerate another year in this place so to keep our marraige in-tact we must move, otherwise it is over between us.
Please, advice. What do I do?
Call 718 356 6536 ..You'll have your questions answered.
Call 718 356 6536 ..You'll have your questions answered.
How many suckers born each minute?
Can I have this question answered by someone who is not a GUEST and who has a track record here? No way am I calling a number provided by some guest. Give me a break.
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i am bumping this matt,someone shpould be able to assist.you are right,that guest was a shill for some place called atlas.hopefully someone will help.
Thanks. I'm really lost. This forum is terribly confusing and I
Thanks. I'm really lost. This forum is terribly confusing and I have spent countless hours reading.
what to do
I agree, Matt! I called the credit card companies trying to get a better % rate and pay things off. Discover would have nothing to do with me unless I was in collections. I said, "What"? I don't want to be in collections! That is why I am calling. So, I am doing some research!!! Check out these articles:
debt management - To Take Care Of All Your Debts
... a proper system of management is required to take care of these debts if you are ... 2007 Debt Management - To Take Care Of All Your Debts. ...
ezinearticles.com/?Debt-Management---To-Take-Care-Of-All-Your-Debts... - 46k - Cached
They are making some sense to me.
At 720 it sounds like you have a good credit history and a good
At 720 it sounds like you have a good credit history and a good score- there has gotta be some kind of help out there for you. Have you tried your bank or local credit union? It might be worthwhile to you to get a consolidation loan from one of those sources and pay off the credit card balances in full, and that way, you would then have only one payment a month instead of four. With your credit score, I would hope you could get something at a low interest rate. However, I would not do it unless you could get an interest rate that is lower than the ones on your cards. It wouldn't make sense to get a loan at 12% to pay off a credit card that is 6%.
A lot of people are loathe to advise incurring another debt to pay off existing debt, but I think there are some circumstances where it actually can help more than it can hurt. It would just be very important to not run up those cards so high again, because then you are in the same position, but now with a loan payment added to it.
I don't have anything to secure the loan. Looking at my finances
I don't have anything to secure the loan. Looking at my finances, it's clear that I couldn't afford to pay the loan, so here I am. Right now I live in NYC and rent. What I own is some furniture and an old HDTV.
Half my debt is at 3.9%, which is super low and it's for life. Imagine getting a loan, which would have to be at a rate much higher than that. We're talking 10+ years of paying.
superiordebt.com has been contacting me, apparently having gotten my information from this website. Are they trustworthy?