is consolidation for me?

Hi Guest,

When you don't have any choice left, then only you should file for bankruptcy. Bankruptcy ruins your credit history and it remains there till 10 years from the date it was discharged. You may also lose your most valuable property after declaring a bankruptcy.

In your case, when you have your own business, the growth rate will get badly effected since you won't be eligible for business loans in the open market. As a result, all the chances of expanding your business will get effected.

In that comparison, debt consolidation is much more advantageous because you can make regular monthly payments which will slowly clean all your debts.

So, I hope that debt consolidation is a much better choice rather than declaring bankruptcy. However, for your better understanding, please go through this page http://www.debtconsolidationcare.com/avoid-bankruptcy.html which will give you complete knowledge of bankruptcy.

Please let us know your feedback and stay in touch often.

Roxette

I would like to do the debt consolidation also, over bankruptcy, but is it still possible if you have no to very little income left over after you pay all basic monthly bills? Without putting anything into savings, we may have $100- $200 / month left without paying the credit card bills which would currently be close to $1000. I also hear that the minimums on credit cards will be raising soon (almost double)Is this true? so if my minimums are $1000 now, they will be $2000 soon. That would just be impossible for us. Thanks! this is a great and informative site. Keep up the good work.

Hi Guest,

In this case, I will suggest you to sign in for debt consolidation program at the home page of this site http://www.debtconsolidationcare.com. After doing the sign up, one consultant will get in touch with you and the best part of this program is that you will have a lower monthly payment plan with lower interest rates at this site. You can discuss the matter with him and I am sure he will be able to choose the best option suitable to your needs.

Additionally, you will be able to enjoy some benefits as a member of this site mentioned at http://www.debtconsolidationcare.com/benefits.html

Hope you will be happier to find the most competitive rates and interest in this program

Regards
Roxette

[quote=Guest]I would like to do the debt consolidation also, over bankruptcy, but is it still possible if you have no to very little income left over after you pay all basic monthly bills? Without putting anything into savings, we may have $100- $200 / month left without paying the credit card bills which would currently be close to $1000. I also hear that the minimums on credit cards will be raising soon (almost double)Is this true? so if my minimums are $1000 now, they will be $2000 soon. That would just be impossible for us. Thanks![/quote]

Turn into cheapskates :? (not ment in a derogatory way..)

Cut back..

Track expenses and cut those "Nice" to have ones for a short time...

Jerry

You'd

There are a few expenses that we could cut- dish network for $25/mo. , blockbuster online for $15/mo and probably about $25 in long distance phone calls a month. Still that is only $65, and though I know I should minimize as much as possible, I find it hard to believe that $65 will make much of a debt when We are still short almost $1000 a month, does that make sense. Won't the debt consolidation monthly payments still be too big for us to meet?

I would really like to sell my car which takes a lot of gas (expedition) and downsize to a smaller car, but we have about $1500 negative equity in it, and with our credit so low now we probably wouldn't get a very good deal on financing a new (used) model. Any ideas on that?

[quote=guest]There are a few expenses that we could cut- dish network for $25/mo. , blockbuster online for $15/mo and probably about $25 in long distance phone calls a month. Still that is only $65, and though I know I should minimize as much as possible, I find it hard to believe that $65 will make much of a debt when We are still short almost $1000 a month, does that make sense. Won't the debt consolidation monthly payments still be too big for us to meet?

I would really like to sell my car which takes a lot of gas (expedition) and downsize to a smaller car, but we have about $1500 negative equity in it, and with our credit so low now we probably wouldn't get a very good deal on financing a new (used) model. Any ideas on that?[/quote]

Consolidation and cost cutting can work in tandem to great benefit.

bet if U looked at the other "items" a lesser fequency would reduce even more spending..

As I said in another track each days expenses by getting receipts/writting on envelope/paper...amount..you would be supprised how much "non-recognizable" income is spent..

Jerry

Hi Guest,

Just the way you thought about selling your car, you will find some other ways also to reduce your expenses to the minimum. From one end, you can try to minimize your expenses to the shortest and from the other end, you can give additional effort to increase your income through other sources. A perfect planning will definitely make your life comfortable.

Hoping to hear from you soon.

Regards
Roxette