Please Help me Out of Credit Card Debt
Date: Wed, 10/25/2006 - 08:59
Phone number removed for your safety - Bossy
Welcome to the Forums :D I don't know any way to get out of deb
Welcome to the Forums :D I don't know any way to get out of debt as soon as possible,other than to have the funds available to pay it off. Since most of us can't do this, there are other options such as consolidation, do it yourself ,etc. If you are financially able to pay more than the min. balance now, I would do so. Some credit card companies will lower or drop your interest, late fees etc., if you will make a payment over a period of time regularly,usually a year. Someone will contact you for your credit counseling and you can discuss some options with them. If you have any questions, feel free to ask.Good Luck!...Karen
Most people go for debt management programs because of the high
Most people go for debt management programs because of the high interest rates. All payments go towards interests alone. Late fees keep on adding higher and the debt never gets paid for long period. By this time, new debts may have already raked up in another corner.
You should go for a consolidation program and combine everything under one payment plan. You'll pay to the consolidation company and they will pay your creditors. Your accounts will remain current. This way the credit company won't be bothered about sending your file to some collection agency at the later stage. Consolidate now and avert a lot of problems in the future.