Too Much Debt

Date: Tue, 08/01/2006 - 15:21

Submitted by anonymous
on Tue, 08/01/2006 - 15:21

Posts: 202330 Credits: [Donate]

Total Replies: 2

My name is Erico Garza and live in South Texas, I work for a Home Loan Company and have to many debts right now I know I don't have good credit neither does my wife anymore. We bought a home and have the mortgage loan and truck payment just paid I also have credit cards like six and five local finance companies and a furniture store also we don't know what to do with 75% of our paychecks going towards our payments. Could you please help us. I would like to have one single payment.

Thank You Erico

Erico---Glad you registered on the site here. A debt counselor w

Erico---Glad you registered on the site here. A debt counselor will be calling you soon and you can discuss your financial options/concern then. Until then feel free to post questions and concerns and someone will be glad to help you.

lrhall41

Submitted by Lorri on Tue, 08/01/2006 - 16:04

( Posts: 1721 | Credits: )

I will suggest you to start working on the accounts that have th

I will suggest you to start working on the accounts that have the lowest balance. Combine all the accounts in the consolidation plan and plan your monthly payments with the consultant. This way, you will see some accounts getting paid off and credit scores will improve over a period of time.

Once a particular account gets paid off, use that money to pay off another balance. If you can find a second job, it will help you in increasing your savings at the end of the month. Some suggestions about budgeting are given in the page below. You can go through it and find some valuable tips.

http://www.debtconsolidationcare.com/budget-advice.html

lrhall41

Submitted by IncredibleHelp on Tue, 08/01/2006 - 16:20

( Posts: 492 | Credits: )