Credit Card Debt/Problems paying bills

bbro · 01-03-2008, 10:45 AM

Shawnee - I looked into that today and got some info from the FTC about it. There is a company that seems legit, but I was hoping to be able to do it on my own because my luck, I would get a shady company.

I know I need to stop spending, but when you are left with .71 cents in the bank account and need to go to work, but have no gas, what to do?

Maybe I can contact the credit card I am in good standing with and see if they can lower the monthly payment. I know if I ask the other card, it won't happen because i was late just a couple months ago.

I was also thinking of getting the equity on my car to help. It will only make a small dent, but it should lower the monthly payments of the big interest card and also re-finance the car loan to a lower monthly payment. I am waiting to get information from them on this.

Just to give an idea - here is my total debt - 31853.67 as of this second.

monster · 01-03-2008, 10:57 AM

Quote:

Originally Posted by bbro

Just to give an idea - here is my total debt - 31853.67 as of this second.

What does this include? I guessing not a mortgage? How much is car, how much credit cards?

I think you really need to find a program to help you consolidate, negotiate with your creditors and work out a manageable plan.

bbro · 01-03-2008, 10:59 AM

Quote:

Originally Posted by monster

What does this include? I guessing not a mortgage? How much is car, how much credit cards?

I think you really need to find a program to help you consolidate, negotiate with your creditors and work out a manageable plan.

Actually, that is just the credit card total amounts. No other bills are included

monster · 01-03-2008, 03:51 PM

Quote:

Originally Posted by bbro

I was also thinking of getting the equity on my car to help. It will only make a small dent, but it should lower the monthly payments of the big interest card and also re-finance the car loan to a lower monthly payment. I am waiting to get information from them on this.
.

How about you change the car? if the"equity" is enough to make a refi worth while, it's surely enough to buy a runaround for which you won't need to make payments. this will likely reduce your motor insurance premiums too.

01-03-2008, 10:45 AM	#1
bbro Insert witty comment here Join Date: May 2004 Location: Raleigh, NC Posts: 2,182	Shawnee - I looked into that today and got some info from the FTC about it. There is a company that seems legit, but I was hoping to be able to do it on my own because my luck, I would get a shady company. I know I need to stop spending, but when you are left with .71 cents in the bank account and need to go to work, but have no gas, what to do? Maybe I can contact the credit card I am in good standing with and see if they can lower the monthly payment. I know if I ask the other card, it won't happen because i was late just a couple months ago. I was also thinking of getting the equity on my car to help. It will only make a small dent, but it should lower the monthly payments of the big interest card and also re-finance the car loan to a lower monthly payment. I am waiting to get information from them on this. Just to give an idea - here is my total debt - 31853.67 as of this second.

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