Ask Terry Questions Credit Card Debt

Credit Card Debt

By Terry Savage on January 21, 2023 | Credit/Debt

Good morning! Will it be best if I took out a loan to pay off my credit cards? I’m $15,000 in debt.

Terry Says

You won’t get a loan if you’re already in debt. If you are on a fixed income with no possibility of repaying, contact the National Foundation for Credit Counseling at 800-388-2227. they can help you work out a repayment plan that could last along time.
And for some other strategies, please read this recent column: https://www.terrysavage.com/open-the-envelope-please/

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