DIY or hire somebody??
Date: Tue, 09/11/2012 - 21:48
DIY or hire somebody??
Hi! I am about $50,000 in CC debt...single mom of 3...and am starting to really fall behind. I am confused if it is best to hire a debt consolidation program or write letters myself asking for a reduction in interest and perhaps the balance....or claim BK. Which do you think is the best route? I want to be able to purchase a home one day, and maybe buy a new/used car in the not so distant future.
Thanks!!
Thanks!!
It would be best if you negotiate with your creditors for a redu
It would be best if you negotiate with your creditors for a reduction of interest rates. Check out the steps to consolidate your debts on your own:
http://www.debtconsolidationcare.com/diy
Well, writing letter to the CC companies will not do much good.
Well, writing letter to the CC companies will not do much good. It is a far better idea to get them over the phone and negotiate. I have a few questions though:
Are you still current with the payments on all the cards?
Who are the creditors?
Can you afford to pay 65-70 percent of the total debt?
Do not be scared by the last question as it is just a very rough figure.
