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I'm stuck, and do not know where to start

Date: Thu, 02/09/2012 - 16:20

Submitted by adam.howard12
on Thu, 02/09/2012 - 16:20

Posts: 3 Credits: [Donate]

Total Replies: 4


Hello, my name is Adam, and I am getting burdened by bad debt from stupid decisions I made right out of high school. I have credit cards that are way behind on payments with over $1,500.00 debt. I have medical bills that are totaled around $5,000. Also, have other bills in collection that add another $4,000. To top it all off I made a stupid decision to get an installment loan from The Cash Store (and I am having a lot of trouble keeping up with it) Also have a title loan from Titlemax. I got those so I could try to pay off other debt, but ended up adding more weight to the debt stockpile. I rent a house with 2 roommates in which I am having trouble with my share of the bills because of the loans, I own my car, I live in Illinois, I pay my child support and everything. I just am at a breaking point and I am 25 years old. I don't know where to start or what to do. I'm in dire need of help. :/ I want to get back on track and show that I am responsible and not a person with horrible judgement......please help :(


You have incurred lot of debts at this young age. Are you working somewhere? If not, then I would suggest you to get a job first. You need money to pay off the bills.
As far as medical bills, credit card bills, payday loans are concerned, you can enroll into a debt consolidation program to consolidate them into an affordable monthly payment plan. Do check if Cash Store is legal in your state.


lrhall41

Submitted by Good Nelly on Thu, 02/09/2012 - 19:37

( Posts: 2846 | Credits: )


I am currently employed. I have been trying to keep up with my debts, but as of late the installment loan from The Cash Store (which is legal in Illinois) and the Title loan I have from Titlemax are hurting me beyond belief. I pay $180 every two weeks for this installment loan and $95 dollars once a month. I really need to figure out a way to try to ease some of the pressure I have from these two bad mistakes. then on top of it I have a lot debt I previously listed. I am just super confused and uneducated about this whole matter. I have no clue what to do. I also don't understand anything about consolidation.


lrhall41

Submitted by adam.howard12 on Thu, 02/09/2012 - 22:20

( Posts: 3 | Credits: )


If Cash Store is legal, then you can enroll into a debt consolidation program to pay off this debt. You can use a debt consolidation program only to pay off unsecured debts. You won't be able to pay off secured debts through it.

Debt consolidation helps you consolidate all your unsecured debts into a single low monthly payment plan. Once you enroll into the program, the debt consultants will negotiate with your creditors and arrange an affordable payment plan for you.

To know more about debt consolidation, go through the following page:
http://www.debtconsolidationcare.com/program.html

Try to get a job as soon as possible. Otherwise, you won't be able to make the monthly payments.

You can get a list of reliable debt relief companies from this link:
http://www.debtconsolidationcare.com/companies/usa-listing/


lrhall41

Submitted by Good Nelly on Thu, 02/09/2012 - 22:51

( Posts: 2846 | Credits: )