Overwhelming odds
Date: Fri, 06/29/2012 - 07:44
I currently have an outstanding amount of debt. There are a few delinquent accounts some "Charged Off" accounts and a few that are still collecting listed on my credit report. I am not slowing getting back into a financial area where I would like to start paying off some of the outstanding debt, but I don't even know where to begin. Becuase there are so many outstanding debts listed I am unsure of where to get started and how to pay them all. I have money to put towards debt but which ones do I leave outstanding until I can pay on them? Would it be better to work with an agency that will consolidate my payments?
Please help I don't want to have this horrible credit for the rest of my life.
List out your debts. The balance, APR, monthly payments (where
List out your debts. The balance, APR, monthly payments (where applicable). Also list out the specifics what you spend monthly for necessities (utilities, gas, food, insurance, car payment, etc.).
Also, we need to know your monthly take home pay.
You could consider opting for the services of a good debt relief
You could consider opting for the services of a good debt relief company or enrolling yourself in a DMP.
Thank you
Right now I am in the process of creating an excel spreadsheet to see if I can find out what I still owe on everything. I figured if I pay down some of the smaller ones first and tackle any that are in collections right now I should have a good start. Once I have paid those down I can start tackeling the Charged off accounts? Maybe once some of the smaller once are gone I can get a small loan to pay back to the large amounts. I figure I am roughly 9k in debt but not much more then that. However it's with a ton of places. Not sure how I could have been so stupid. :???:
Are these payday loans or credit cards you're talking about?
Are these payday loans or credit cards you're talking about?