Over Head Debt
Date: Mon, 08/14/2006 - 11:32
I have too much credit card debt and I owe back taxes to the IRS. I also just recently purchased a pickup truck that will take me six years to pay off. I have been paying for a vehicle it seems like all of my adult life. I am ready to get a handle on my finances.
Hi Larry Welcome to the forums. Consolidation will surely
Hi Larry
Welcome to the forums.
Consolidation will surely be helpful in making your payments easier. The credit card companies will offer lower interest rates in the program and some late payment fees are also waived off. This reduces the total amount of your debt and you will save some money every month to meet other necessary expenses.
Once you have enrolled in the program, make sure that you don't miss your payments in the plan. The counselor will negotiate with your credit companies for these payment facilities. If you hurt the plan, you will be deprived of most of these facilities and the interest rates will again go higher adding fees with it.
