daughters debt
Date: Fri, 01/02/2009 - 10:10
my daughter has recently split up with a live in boyfriend and now faces the debt they accumulated together on half of the income. She owns her own home and has about 4,000 dollars of credit card debt and vehicle debt of 21,500. She has been in the home about 5 years has good credit and nets about 1700 a month in income. What are her options at this point????
I would sell the car and buy a cheaper one in the 3-6k range. I
I would sell the car and buy a cheaper one in the 3-6k range. It should cut the payment from around $500 a month to about $200 a month. Other than that just pay all necessities first before making payments to credit cards. If she has any extra money then put it toward debt.
