What route should I take to get debt free? THE BEST ROUTE!
Date: Sun, 04/19/2009 - 16:04
Hi my name's Kevin and i owe about 70k in credit cards and around 30k in back taxes.
AS with most stories I'm hitting a brick wall.
I spoke with all my creditors and they put me on a hardship program which dramatically lowers my payment and drops my interest rate. So far all my credit card bills i owe about 1500 a month.
Problem is it's going to end at some point ( the program they have) and I'm back where I started.
I read Dave Ramsey and he said to do it myself. The rollover plan. But I think I'll still have high bill payments and I can only make the minimum payments on the cards with no money going towards paying off anything.
I will not do debt settlement or bankruptcy. I don't believe I need to.
I called Money Management International for Debt consolidation and it sounded pretty good but my payment monthly will be 1750 per month but only for 4 years and I'll be out of credit card debt. Is this the way to go? Are they any good? Should I trust them?
I'm a real estate agent who is two months late on rent. Plus other misc Expletive deleted. I think within two months of hard work I may be caught up and back on track but I still want to be debt free. Should I bite the bullet and do debt consolidation. It doesn't like it will screw up my credit too much. Or will it?
AS with most stories I'm hitting a brick wall.
I spoke with all my creditors and they put me on a hardship program which dramatically lowers my payment and drops my interest rate. So far all my credit card bills i owe about 1500 a month.
Problem is it's going to end at some point ( the program they have) and I'm back where I started.
I read Dave Ramsey and he said to do it myself. The rollover plan. But I think I'll still have high bill payments and I can only make the minimum payments on the cards with no money going towards paying off anything.
I will not do debt settlement or bankruptcy. I don't believe I need to.
I called Money Management International for Debt consolidation and it sounded pretty good but my payment monthly will be 1750 per month but only for 4 years and I'll be out of credit card debt. Is this the way to go? Are they any good? Should I trust them?
I'm a real estate agent who is two months late on rent. Plus other misc Expletive deleted. I think within two months of hard work I may be caught up and back on track but I still want to be debt free. Should I bite the bullet and do debt consolidation. It doesn't like it will screw up my credit too much. Or will it?
Before going for any debt consolidation company you should check
Before going for any debt consolidation company you should check some details of the company like how long the company is in business, whether they are listed in the Better Business Bureau, and whether or not they have a good reputation. I think that you should also compare their fees with other debt consolidation companies before registering.
