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I have maxed out my credit cards

Date: Wed, 04/12/2006 - 11:26

Submitted by anonymous
on Wed, 04/12/2006 - 11:26

Posts: 202330 Credits: [Donate]

Total Replies: 3


I have maxed out my credit cards, (in both my and husbands name) and am sinking further and further trying to make minumum payments, of say, $1500 + a month, thats just cc bills, NOT other regular everyday expenses. What can I do? are these debt consolidation places legit? safe? expensive? One place I called wanted 15% of the total balance due, and where do they expect you to come up with THAT money, if you can't even pay your own bills????? I need some input here, either that or I need to win the lottery.
Thanks.


Jewells, it's difficult to have faith on others nowadays. But believe me there are good companies that can help you indeed pay off your debts. It sounds you contacted a settlement company earlier. Settlement is not good for your credit and the process is also slow. You should consider consolidation as an option.

debt consolidation combines all your unsecured debts and offers you affordable monthly installment after probing your financial obligations. So you will find it easy to pay. This site offers free consultation. You can register with this site to receive the counseling.


lrhall41

Submitted by curlycarl on Wed, 04/12/2006 - 13:04

( Posts: 616 | Credits: )


Hello Jewells,

The best way to go about this would be consolidation (I agree with curlycarl). If you want to ruin your credit and not expect to buy anything (home, car, etc) soon then settlement would be the cheapest way to go. You usually settle for a certain amount of the debt (usually companies throw a pitch for 75% of the debt instead of the whole 100%). Consolidation will at least lower the interest rate that you've been paying and thus monthly will become much cheaper overall.
I would look into T & C to see if they can consolidate your CC bills and go from there.
:) Good luck. I was in your shoes at one time with credit cards but now I have settled about half of them and working on the other half.


lrhall41

Submitted by quesik on Wed, 04/12/2006 - 13:10

( Posts: 108 | Credits: )


This site maintains a unique system (excellent too :D ). Once you register here, the system matches your profile with the standards and qualities of Ranking Chart listed companies and find out the best match for you.

Then you receive free counseling from that company. Members who used the service of this site are quite happy with it. Visit this thread-

http://forums.debtcc.com/customer-service.html


lrhall41

Submitted by stella on Wed, 04/12/2006 - 18:19

( Posts: 488 | Credits: )