What should I do?
Date: Wed, 12/03/2008 - 08:59
ok im in a pretty bad situation right now and could use some guidance.
I have a credit card with close to $8,000 worth of debt on it, and the interest rate is like 26%, which is terrible. I pay like $300 a month toward this and $150 of it is finance charges :(
then pretty soon I have my student loan to pay off, which is $30-40k
its very difficult to pay all of this off with the other bills I have, and I dont have a very good job and cannot find a better one in michigan. I also need to purchase a new vehicle soon as mine went to the scrap yard, so I need something changed so I can save some money up.
The only idea ive been told is getting new 0% interest credit cards, and transferring the balance of my old card onto it and keep doing this so I always have 0% apr.
I have a credit card with close to $8,000 worth of debt on it, and the interest rate is like 26%, which is terrible. I pay like $300 a month toward this and $150 of it is finance charges :(
then pretty soon I have my student loan to pay off, which is $30-40k
its very difficult to pay all of this off with the other bills I have, and I dont have a very good job and cannot find a better one in michigan. I also need to purchase a new vehicle soon as mine went to the scrap yard, so I need something changed so I can save some money up.
The only idea ive been told is getting new 0% interest credit cards, and transferring the balance of my old card onto it and keep doing this so I always have 0% apr.
