I am currently in debt 28k. I have been able to look at my credit report and see what I owe. However now I am not sure what to do. As I try to pay these cards and loans down the intrest just grows and grows. Should I consider a consolidation program or filing bankruptcy? I am only 26 years old trying to start a family in the near future. I don't want to burnden my fiance with my mistakes.
My goal is to get the debt under control. Where I can pay every month and still live a normal life. Just with a debt much like a car payment.
I am stuck know how to do that though. Any suggestions?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.