Buried in Credit card debts
I have apps. 50,000.00 in debts mostly credit cards I’ve tried getting consolidation loans without success what is the best solution to pay these debts off , my monthly income is 6,000.00 mth., thank you
Terry Says
OK, you need immediate help. And you’ll get trusted help by contacting the National Foundation for Credit Counseling at 800-388-2227. That will connect you to the nearest local office.
You’ll start by listing all your cards, balances, interest rates, and minimum monthly payments. So make a list. Then make a list of your monthly expenditures. There is no simple answer (except bankruptcy which could affect you in so many other ways!). So start thinking about a way to bring in more money — anything from driving an Uber to working a weekend job. That’ the real secret — earning more and using it to pay down your balances.
But the NFCC will go over all of this with you,and you can trust their advice.
