Financial problem

Date: Thu, 09/07/2006 - 21:13

Submitted by anonymous
on Thu, 09/07/2006 - 21:13

Posts: 202330 Credits: [Donate]

Total Replies: 3

Well i am 21 and having some finacial problems. I have a $505 truck payment which requires me to have a $280 insurance payment, a $30 credit card payment, around $100 student loan payments and a $50 Dell financial services bill all do each month. I work in EMS and dont get paid that much. I work 48 hours a week and go to school two days a week. Then i have clinicals for school about 3 days a week. It cost me about $70 to fill up my gas tank and i do that about twice a week. I live from paycheck to paycheck and am starting to fall behind on payments and want to knock it out before it start effecting my credit.

How long have you had your vehicle, is it possible for you to re

How long have you had your vehicle, is it possible for you to refinance to get lower payments? Try shopping around for cheaper insurance. Is that the only credit card payment you have? Is it possible to defer your student loan payments for a few months, until you get caught up, try talking to the student loan company.

lrhall41

Submitted by PinkLady on Fri, 09/08/2006 - 08:22

( Posts: 1720 | Credits: )

PinkLady is right. You have to manage your finance in the proper

PinkLady is right. You have to manage your finance in the proper way so that it allows some saving every month. Look for a second job also to increase your source of income. Don't let your debt to income ratio go higher at every period. You have to take control now before it goes out of shape.

lrhall41

Submitted by keystrokes on Fri, 09/08/2006 - 14:44

( Posts: 495 | Credits: )

Welcome :D You might want to talk to all of your creditors befo

Welcome :D You might want to talk to all of your creditors before you get too far behind. Explain the situation and they may work with you.It sounds like you have to have full coverage on your truck,Pinklady is right,I would call some other insurances to see if they could offer you a better deal. It may pay for you to get an extra job,get the truck paid down,so you won't have such high premiums,then that money could go elsewhere.Good Luck!...Karen

lrhall41

Submitted by Bossy4455 on Fri, 09/08/2006 - 14:53

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