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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,


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: 295 | 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!!! 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: )

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