debt consolidation
Good morning – I am currently am a full time worker and have a debt which adds up to 11,000 in credit cards ( I also have a house and a personal loan not included in this amount) I am looking for advise as to how to eliminate that amount and having just one payment (that amount does not include utilities, phone either) and I also am in need of a car – it just is tiring and I want advise as to how to eliminate this, I am paying the credit cards but basically just the minimum. I am also trying to contact the cc companies to work something out I don’t want to file bankruptcy – Please advise thank you I look forward to your advise
Terry Says
Immediately call 800-388-2227 — which will connect you to the nearest office of the National Foundation for Credit Counseling. You can trust them and you can do it over the phone. You will probably want to enter their debt repayment program — where they negotiate with your creditors to lower your rate and accept a lower monthly payment. Then you send them one monthly check and they parcel it out to your creditors.
This is much better than those debt consolidation companies who take big fees. It has worked for hundreds of thousands of people in debt — and there are no fees, or very small fees to get set up.
Please write back when you are out of debt!! (Then keep paying that same monthly amount into an IRA so you will get ahead of the curve!)
