what is my best choice

Date: Sun, 08/21/2011 - 20:16

Submitted by Adam Ransk
on Sun, 08/21/2011 - 20:16

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Total Replies: 3

I was out of work for 5 months and fell behind and took a 40% pay cut , I was able to get caught up on all bills but BOA went to a collections agent 180 days past , who is willing to take 50% of original payment for a year. by then My car will be paid off and free up $600 a month. which will be tough or is there another way to pay every one but save some money so I i a little extra each monthfor anything that may pop up?

You may enroll in a debt management program to pay off your BOA

You may enroll in a debt management program to pay off your BOA account comfortably. As for the the car loan, you may contact your lender and settle the debt with a lumpsum payment.

lrhall41

Submitted by nandydiana on Sun, 08/21/2011 - 21:56

( Posts: 114 | Credits: )

Hi Adam Ransk, Welcome to the forums!!! If possible you can

Hi Adam Ransk,

Welcome to the forums!!!

If possible you can opt for debt consolidation or debt settlement. Debt consolidation rolls over all of the unsecured debts that you have as one debt and the interest rate lowers too. This can help you in saving some money on the debt payments.

On the other hand, debt settlement helps you in lowering the outstanding debt amount that you have. So, if possible, you can try to get settlements with your creditors. as for the car, go on making the on-time payments.

Hope this helps,

Marvel Becks

lrhall41

Submitted by marvelbecks on Sun, 08/21/2011 - 21:58

( Posts: 143 | Credits: )

Put yourself on a tight budget for a year...or get a second job.

Put yourself on a tight budget for a year...or get a second job. Put every penny that you can towards your debts.

lrhall41

Submitted by SOAPLADY on Mon, 08/22/2011 - 06:46

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