Debt question.
Date: Tue, 02/07/2012 - 17:25
What are my options? I have no idea what to do.
You can talk to a credit counselor to know about the ways to pay
You can talk to a credit counselor to know about the ways to pay off debt through effective money management.
You may contact with your creditors and try to negotiate with th
You may contact with your creditors and try to negotiate with them. You may also enroll in a debt consolidation program to replace your multiple bills into a single monthly payment.
Blankspace and debt ditcher....are you just copying info again?
Blankspace and debt ditcher....are you just copying info again? Why are you recommending debt management/relief? I dont know of any company that is going to accept someone with only $2k in debt...most require $5-10k in debt.
To the poster....start looking another job or a part time job. Talk to your creditors and see if they offer a hardship plan.
Debt question
Yes, you can surely consult a credit counsellor. A professional credit counsellor will offer you valuable guidelines to improve your situation. But, at the same time, you must also look for a more paying job.
It would be a better option to go for debt settlement in order t
It would be a better option to go for debt settlement in order to pay off your outstanding debts. By enrolling with a debt settlement program, the debt expert will negotiate with your creditors so that they may reduce your outstanding balance by certain percentage. :)
Why on earth would they pay a debt settlement company for someth
Why on earth would they pay a debt settlement company for something they can easily do themselves for free??
This is because Simonsquest has asked that he has no idea as to
This is because Simonsquest has asked that he has no idea as to how he will repay his debts. This is what Simonsquest has written "What are my options? I have no idea what to do. " Thats why I have suggested him to take help from a debt settlement company to pay off his debts. Although he will have to pay some fees to the company for the services that the company provides him, he will be able to come out of his debt problems soon.:)
Kate the problem with your suggestion is that the original poste
Kate the problem with your suggestion is that the original poster does not owe enough to use a debt settlement company so it is NOT an option. With small amounts of debt there is no wiggle room for negotiation of settlements. With the fees charged by the company, the poster could end up paying more than what he originally owed. Most debt settlement/management programs requires in excess of $5000 of debt and a lot of companies require $10k.