Trying to fix a leak before the floodgates open
Date: Mon, 06/04/2007 - 09:53
My wife and I are in a decent amount of debt for our age and although we're not getting collections calls yet and we're making the minimums, we are on our way to serious trouble if we don't pay it all down and get a clean slate.
Right now we are looking at personal loans to pay off all the credit cards and have one monthly payment, this way our credit can start going back up and we don't have to worry about variable rates.
I know that we could be much worse off, but I just don't want to get there. The worst part is that we really have nothing to show for the large amount of debt that we're in. It's all credit cards.
Right now we are looking at personal loans to pay off all the credit cards and have one monthly payment, this way our credit can start going back up and we don't have to worry about variable rates.
I know that we could be much worse off, but I just don't want to get there. The worst part is that we really have nothing to show for the large amount of debt that we're in. It's all credit cards.
Instead of taking a new loan, try to speak with your creditors f
Instead of taking a new loan, try to speak with your creditors for a lower repayment plan. They will lower down the interest rates and waive off some fees.
You can also speak with a debt counselor and request them to negotiate with your creditors. He will analyze your financial situation and work out a suitable plan for you.
