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credit card debt & pay day loans

By Terry Savage on February 11, 2019 | Credit/Debt

Hi Terry,
I have approximately $11,800 in credit card and pay day loan debt and student loan (government and private loans) to total $11,562. Along with my monthly utility bills, rent and student loans that are approximately another $1100 I can never seem to make my payments on time and struggle to make payments at all. My income is very limited and at this time I am unable to get 2nd job. I got a personal loan to try to help with paying off some debt, but that just added even more debt to my plate. I know I dug myself into a huge hole. What do you recommend to help myself get back on track and pay off my debt and try to save some money in the process. I feel like I am drowning and there is no end in site.

Thank you!

Terry Says

There is only one answer!  Call the National Foundation for Credit Counseling at 800-3388-2227.  That will connect you automatically to the nearest member agency.  You can trust them!  They will let you know if bankruptcy is your only option — and if so, they will recommend an attorney.  But they may also help you dig your way out of debt through setting up a repayment plan.  A lot depends on your personal situation.  Please do this –and write back to let me know what happens.  We don’t have debtors prisons in America — but being buried in debt can feel like that!

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