Share post
Share
Debt Consolidation Forums Debt Consolidation and Debt Settlement forums

$75k debt please help

Date: Fri, 01/31/2020 18:12
member profile picture
Posts: 1
Credits: 0
[Donate]

Hi all,

I currently have $75k in debt and finding it extremely difficult to make the payments. APR on some of the cards is 25%.

My credit score is between 550-575 range.

I’m new to the forum and do not know what would be the best option to reduce or consolidate the debt.

I’d appreciate if the experts can guide me.

Thank you,

Jason




Hi!
Welcome to forums!

What kinds of debts do you have? Do you have unsecured debts or secured debts? Do you have any savings? Consolidation can help to lower the interest rates on your credit cards. Going by the credit score you have, I doubt if you will qualify for a debt consolidation loan. In that respect, I feel you should go for debt consolidation program.

Sub: #1 posted on Mon, 02/03/2020 - 20:46

Nick Jonas Nick Jonas

(Posts: 425 | Credits: )

In your situation, it is better to seek professional help. It'll be a little difficult to handle your debts on your own. Settlement might work for you better. So, have a talk with a debt relief organization and work out a solution whether consolidation or settlement will work out for you.
You can contact here and get a call from reliable debt relief agencies.

Sub: #2 posted on Tue, 02/04/2020 - 00:33

Mabelle Page Mabelle Page

(Posts: 271 | Credits: )

i dont usually buy this ideas but its so real ,i have unwanted collections ,late payments , tax liens and of course charged off accounts , i have tried many means to get my profile back and have my score up excellently ,it happened just like magic when dejatech007 AT Gmail dot com fixed my credit profile in few days , he removed all unwanted collections, late payments ,tax lien and increased my credit score from 416 to 806 .i don't believe at first until it all happened . ever since then i have been having a perfect credit profile.

Sub: #3 posted on Tue, 02/04/2020 - 10:39

Amanda D Davis Amanda D Davis

(Posts: 2 | Credits: )

$75k debt!!! Wow...you are in a big trouble man.
What kind of debts you have in your pocket, could you please tell us more..I guess you might have payday loans or credit card debts, as with 550-575 credit score you won't be eligible for a big amount of personal loan.

Sub: #4 posted on Fri, 02/07/2020 - 05:15

Barbara Delinsky Barbara Delinsky

(Posts: 432 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
BBB (A+) logo for DebtCC
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2020 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. 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.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. 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.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.754 seconds.