What is the first step in paying bills off?
Date: Sun, 02/14/2010 - 14:32
I've recently gotten fed up with all of my debt. My wife and my debt is 75k (cc). We are current on our cards and have good rates but I do not
fore see us being able to sustain anymore payments. I'm reading all of the
experiences and wondering how do I start the communication process with my creditors. I'm on short term disability now and will be out for a couple more months. I'm caught in a quagmire of bills.. I know I will never pay these off so what's my next step. My creditors will not help just because I'm current; I'm actually being penalized for paying bills. Any suggestions
on what my first step should be? Should I save the money being sent to cc bills to catch up? 9 cc total--At the rate I'm going I'll have to work the rest of my life if I continue to pay. ANY SUGGESTIONS PLEASE...
fore see us being able to sustain anymore payments. I'm reading all of the
experiences and wondering how do I start the communication process with my creditors. I'm on short term disability now and will be out for a couple more months. I'm caught in a quagmire of bills.. I know I will never pay these off so what's my next step. My creditors will not help just because I'm current; I'm actually being penalized for paying bills. Any suggestions
on what my first step should be? Should I save the money being sent to cc bills to catch up? 9 cc total--At the rate I'm going I'll have to work the rest of my life if I continue to pay. ANY SUGGESTIONS PLEASE...
You can consider consolidating your bills if you want to save yo
You can consider consolidating your bills if you want to save your score from being affected.
Actually, anything can be your option from debt settlement to bankruptcy, depending on your objective. IMO you must consult your options with a professional credit counselor. You can also check out the different avenues available to you in the articles section.
