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Have big time debt, will debt consolidation help?

Date: Tue, 04/05/2005 - 17:35

Submitted by anonymous
on Tue, 04/05/2005 - 17:35

Posts: 202330 Credits: [Donate]

Total Replies: 4

Have big time debt, will debt consolidation help?


I have about 3 credit cards that exceed $30,000. :( Is there a realitic solution to manage this debt and get out of debt.

Thanks,
westsign2


[quote=westsign2]I have about 3 credit cards that exceed $30,000. :( Is there a realitic solution to manage this debt and get out of debt.

Thanks,
westsign2[/quote]

First thing you should do is cut up the cards and stop using them. Secondly you need to budget more wisely and reign in the spending. These are the first steps you should take if you actually want to see your payments have an effect on your huge debts. Otherwise trying to pay this bill off would be similar to trying to catch a moving target.


lrhall41

Submitted by benjaminz6 on Mon, 04/18/2005 - 09:37

( Posts: 256 | Credits: )


Hi westsign2 ,

You wrote

Quote:

I have about 3 credit cards that exceed $30,000. Sad Is there a realitic solution to manage this debt and get out of debt.


I think if you can minimise your expenditure on your credit card then you can definitely get rid of your credit card debts.
Start the process by cutting down on your expenditure and try to make some more dollars through an alternative source of income.Be regular in your payments & soon your debts will be gone.

All the best
Lastresort


lrhall41

Submitted by lastresort on Tue, 04/19/2005 - 04:33

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