Reduce Your Obligations In Two With Credit Card Debt Solutions Packages

Have you been sick and tired with frustrating assortment calls? Did debt collection agencies actually get on your neurological? There exists a simple method to stop all of this: credit card debt solutions. Credit card debt solutions applications are not only an ideal way to get rid of frustrating collection pursuits, for example messages or calls, intimidating words, and unsightly trips, but are a great income-saving possibility, as they will assist you to to get rid of just as much as 50Per cent of your personal credit card debt. There are many of highly-successful negotiators that will provide your prior-because of amounts way straight down and workout a snug credit repairing repayment schedule designed for your very own life conditions.

Determing the best Credit Card Debt Solutions Software Is Essential

While the above may appear wonderful, for it to happen you should select a credit card debt relief software using a good arrangement organization. Remember: you are entrusting your fiscal matters to an authorized which is very important to have somebody using a proven track file and great popularity. Several tips that may help you on the way:

1-Analysis plastic card comfort opportunities and educate yourself whenever possible. This might not merely assist you in getting the idea of specifications and opportunities, but also see what plans may well suit your needs greatest. Tend not to free whenever outfits your options!

2- Once you’ve an good understanding of whatever you decide and assume along with what you want to get out of credit card debt solutions software it’s about time to look for a reputable arrangement firm. Tend not to pass bare pledges, but rather think about track record, customer testimonies, and reputability. Try to assess probable arrangement agencies rationally.

3- When the negotiation business is chosen, it is time to move on to technical particulars. Your actions at this point would mainly be addressing your funds and speaking your concerns to a pay out agency of your choice. Be sure to realize every one of the provisions with the credit card debt solutions plan before registering for it. Also make certain every one of the outline are in creating: in case something fails you may always fall back on a thing in some recoverable format, but not on bare guarantees.

4- After the arrangement is signed, be sure to dedicate yourself to timely payments, because overdue payment may possibly avoid the complete design. Pay better attention to your costs and financial institution amounts to make certain your obligations are privileged.

Educate yourself on the Session Forever

Even though credit card debt solutions software might help you to get rid of irritating lovers as well as to ascend out of debt quicker, understand that the damage in your credit rating has become already carried out. As soon as your bad debts are repaid, your credit history would steadily raise, letting you be entitled to loans and credit cards. Prior to taking out new bad debts be sure to know how to deal with these to stay away from any potential shame. Don’t forget: debt relief tips isn’t easy, even with help of professional credit card debt solutions agencies working for you, so ensure this only occurs after!

93 Comments

  • Jude says:

    I currently owe $45,000 in student loans and I am having a hard time paying them off. The loans are private (sallie mae) and I am not elligible for consolidating them via federal loans since I am not a US citizen. I was not able to get a visa so I had to leave the US. I live in Europe now.

    I understand that declaring bankruptcy would not cancel out the student loans, but I have read that bankruptcy could cancel out credit card debt. I have a good credit score (790), so given some time, with an even higher credit score, I may be able to transfer my loans to a few credit cards.

    What are the laws regarding credit card debt and bankruptcy? What difference does it make that I am not a US citizen and do not live in the US?

  • Oswaldo says:

    I am trying to consolidate my credit card debt because the payments are too high each month. If I could get a home loan this would be perfect. I am having difficulty making all the payments and I don’t want to completely ruin my credit. Any reliable consolidation advice would be apprecitated!

  • Rowena says:

    I was checking on line about getting my credit card debt paid off. Debt Solutions suggest I let them negotiate my debt.

  • Virgil says:

    I have about $9000 in credit card debt and I have about $30K in my savings, if you’re in my situation would you use some of your savings money to pay off credit card debt?

  • Lane says:

    I am in search of a company or method that will allow me to settle or consolidate my credit card debt. I have researched some companys but I am not sure what is real or a scam. Fidelity debt solutions is one of them. Has anyone had any luck with any of the debt consolidation programs or debt settling programs? Let me know. I need help.

  • Antione says:

    I will be attending graduate school this coming fall. While relocating I’ve racked up some credit card debt. I intend to work while in college but for the first month I will be strapped for cash. I know you can only use your federal school loans for tuition, room and board, and other related expenses. Nevertheless, would be a problem if I used part of my loan to pay for this coming credit card bill?

  • Hana says:

    What “cost” for debt solution to lower my credit card bill? Does my Fico score will go down because of it? Do I still able to use create card during the paying off period? Will it effect for my mortgage? If I can reduce 50% of debt (as most of agency comapny said), what reason I shouldn’t do it? Thanks.

  • Catarina says:

    What steps are taken by creditors and collection agencies, to collect on a bad $35,000 credit card account? Debtor is unemployed and has a total of $85,000 in credit card debt. Debtor has no real estate and only $5,000 in bank account?

  • Angela says:

    What is the best solution for credit card debt?
    I am way in over my head, I have 6 credit cards and I’m over $40,000 in debt. I have tried to take out a loan at the bank to consolidate but i got turned down. I need HELP!

  • Tom says:

    My income has been cut I’m not behind yet but I’m anticipating being that way in a few months. Anyone ever heard of The Palmer Firm, they are claiming to cut my credit card debt from $11061 to $7000 in 28 months with monthly payments of $257. I called credit solutions but they dont deal with the state of Georgia. Any help will be appreciated.

  • Pura says:

    have over 10,000 dollars worth of credit card debt. should I consider consolidating?

    I can afford the payments no problem, but in the long run, the interest may be more than what I could have paid if I was in a debt consolidation program. Does that make sense to you? Thank you for your time.

  • Norbert says:

    I have over $12000 credit debt, and I need a solution to pay it off ASAP

  • Lloyd says:

    I’ve got credit card debt mounting, and I think my job’s on the line (I’m a UK civil servant working for a quango!). What do I do with my debts? I can handle them now, but how do I handle them if I lose my job?

  • Shannon says:

    I am just a college student trying to get rid of my credit card debt, what is the best solution for me?

    Thanks

  • Delora says:

    Ok so I have seen questions about how people can get out of over 50,000 dollars of credit card debt. My question is:

    How in the world can you get that much credit to begin with? Do they have like dozens of cards? Or was their credit rating really good so it allowed them that much credit, and one day they just went crazy.

  • Waneta says:

    He could put a moritorium on current cards – so no one could charge on them from now on.

    There – solution to all the credit card debt in America.
    Easy cheasy.
    Solution in one simple wave of the wand.
    To rent cars – people will just have to have high balances on their checking accounts.

    Same with hotels and getting airline tickets.
    They will have to use debit cards.

  • Julissa says:

    I have been searching for solutions to my credit card debt. I’ve looked at everything from negotiated settlement companies, debt consolidation companies that claim to be non-profit, etc. I came across Debtors Anonymous and was wondering if their methods are successful or will I get into even more problems following their program.

    I would like to get both positive and negative feedback on Debtors Anonymous, so please let me know your experiences.

    Or if anyone has any other suggestions let me know.

    Thanks.

  • Akiko says:

    Looking to pay off approximately $40,000 in credit card debt accumulated over approximately 8 years while supporting a parent. My salary is good and all debt is kept current.I own a home but with little equity due to the current market. Which loan/solution is the best?

  • Danette says:

    Yes, you read that right — I have over 100K in credit card debt. I have about $150K in income per year, but I’d love to knock this debt out asap. Other than the typical solutions I’ve heard, anyone have some clever way of knocking this out?

  • Chae says:

    After this friday I will owe about $1100 on credits. I am 20 years old and I do have a job and I know I need to cut them up, but it is a hard. Anyone else out there going thru credit card debt and any good solutions, without cutting them up? or is that my best bet?

  • Toney says:

    Im 19 and im in $1,600 in credit card debt . My parents say that thats nothing compared to most peoples debt but I still feel thats alot for being 19 years old.

  • Guillermina says:

    I am way in over my head, I have 6 credit cards and I’m over $12,000 in debt. I have tried to take out a loan at the bank to consolidate but i got turned down. I can barely afford the minimun payments and it has ruined my credit. I need HELP!

  • Tammie says:

    I am currently using three credit cards. I want to get rid of all three credit card debts as soon as possible. Help me I am trapped.

  • Thanh says:

    What is the best option to pay off $20k in credit card debt?
    My situation:
    -I have a mortgage (current balance=$160k) for my co-op (est value=$180k) at 5.8%; currently paying $1k/month
    -I take home $4k/month with about the same in expenses (I live in NYC)
    -Not much in savings
    -Credit score was over 700 but may have gone down due to this debt

    Back story: I was out of work for a while and had to pay the bills; My family is very frugal, we dont go out or spend much on electronics. Biggest bills are mortgage/maintenance, 2 car loans (which are $200/mon each), gas and food.

    Any suggestions?

  • Cyrus says:

    I’ve heard that In charge solutions is a good company. I’ve heard that they are a non-profit organization.

    We have a little over five thousand dollars in credit card debt and other misc. things.

    We are only making two thousand dollars a month.

    Any answers will be much appreciated!

  • Zackary says:

    I’ve heard that In charge solutions is a good company. I’ve heard that they are a non-profit organization.

    We have a little over five thousand dollars in credit card debt and other misc. things.

    We are only making two thousand dollars a month.

    Any answers will be much appreciated!

  • Emery says:

    I am finding it impossible to pay the $608.00 amount due each month on my bankruptcy- chapter 13. The debt is credit card debt. can they put a lien on my house.

  • Jong says:

    I am under pressure with credit card debt. What is the mode to relieve from it?

  • Hui says:

    Myself and my soon to be fiance are in a lot of credit card debt. Between the both of us we always pay our bills on time but now it is starting to become a problem where it is getting overwhelming. I want to get a loan to pay off everything in 4-5 yrs but don’t want to work with a debt solution company if it is going to hurt our credit.

  • Cleotilde says:

    I am 23 with a nine-month-old son, and I owe (on top of my student loans from college) approximately $30,000 in credit card debt. I am looking to do a debt management/consolidation program, but was wondering if I should just contact those credit card companies that say to call them if I have “financial difficulties” instead? Also, which debt consolidation programs would you refer, if any? Thank you!

  • Hans says:

    If I do not have a perfect credit score and I am past due in some credit cards what is the best company to consolidate debt with so I can make one payment?

  • Sierra says:

    I contacted a debt solution program but they say my credit will be hurt until I get these paid off. My credit is real good I just have alot of credit card debt that I would like into one lump sum with a fixed monthly payment. I cannot take a home equity loan due to a second mortgage for a business loan. My local bank said I don’t have enough assets for a personal loan to cover the whole amount.

  • Kermit says:

    My 75 year old sister in law, has racked up so much credit card debt within the last four years, that after she makes payments to them, she has no money to live on. Some major medical and personal problems have caused her to have to basically live on the cards for about four years. What will happen when she can’t keep the payments up every month.
    What willhappen if she stops paying on them?

  • Dave says:

    I have 4 credit cards (that have been cut up for a long time!) that are maxed out, and I’m looking for a way to take care of them before they go to collections (some for the second time). I have looked into In Charge Debt Solutions, but I have no idea what it’ll do to my credit if I use it. I’m worried, but I want to get these cards taken care of!

  • Tresa says:

    I’m in over my head with credit card debt, can I get some advice as in what I should do?

  • Norris says:

    I recently had to defer my salary at my job for an extended period and cannot afford to pay my credit card debt. What should I do? A friend advised me to not make the next payments and negotiate with credit card companies on the debt. Is this wise? Would you advise I do something else? Thank you.

  • Ashanti says:

    I have credit card debt and this time it is hard for me to manage it. Do I have some kind of options to deal with credit card companies to have some break or if they can write off part of it without affecting my good credit? If requested, can they defer the monthly payments? But whatever is negotiated, I don’t want to mess up my credit. Any viable solution please.

  • Donette says:

    I owe money for things like medical bills or unpaid phone bills from years ago. How can I find out what I owe so I can start paying it off. Most debt solution places only settle credit card debt. Also one one debt my social security number was not right. Will i still be connected to that debt? I have no credit card debt and Id like to pay off these small debts to get my credit score up

  • Delfina says:

    Im a 22 year old full time college student with a part time job. About three months ago I joined in charge debt solutions because I thought it would be easier for me to manage my credit card bills that way. However now after joining, I’m realizing that Im unable to keep up with the payments Im making to them. It’s like after my other bills and this payment are taken out every month, I hardly have any money left and I think I’ve put myself in a bind. If I leave the program now will this mess up my credit, will it make it harder for me to join a debt management program in the future, will my creditors be resistant to work things out with me in the future because of this? I simply just can’t afford to be in the program now.

  • Christine says:

    Hi All. I’m a recent college grad who is fairly new to the workforce and is ready to get rid of her credit card debt!! I was fortunate enought not to borrow much in student loans (a total of about $9,000), however by grad time I owed about 9 thousand in credit card debt. Now I am ready to get rid of this burden. I know that this sounds horrible, but my situation was very different than that of the average student. I am a mother and was raising my daughter the whole time during college. Instead of working full time I focused on my studies and only worked part time. Needless to say this made everything harder but in the end it was worth it. Also, I’m not looking for an overnight solution. It took me six years to accumulate this debt so I know it wont disappera overnight. I’m just looking for the best way to go about it. Please help!

  • Precious says:

    I owe 10 grands including all of my credit cards, I don’t make a lot of money at this moment and think about appealing to credit card debt problem solution, should I do that or no???
    I’m stressing out and agitated by it.

  • Johnnie says:

    When you find yourself in financial hot water, it can be challenging to know how to get out of it. From credit card debt to falling behind on major bills — such as mortgage or student loan payments — you may have no clue how to crawl down from your mountain of debt. Debt solutions companies offer consumers financial advice on how to deal with these types of issues; however, depending on the company, write answers please thanks

  • Luke says:

    I was thinking of using these people to help consolidate my credit card debt and settle my accounts for less. I have looked them up on the BBB and they have an A rating and there are no complaints. I am still not sure even though all of their paper work looks ok too. I just don’t want to get scammed or have any issues…I am a worrier about everything so I want to make sure it is ok. Does anyone have any experience with them or know how much they actually help?

  • Noe says:

    I have a credit card which I haven’t paid for 1.5 years, how long is the period when the bank are time barred and cannot legally recover this debt? Also can a judge legally find out your employer details? What are good legal forums for credit card debt?

  • Ivan says:

    Last year my husband was laid off and I accumulated a lot in credit card debt. I am looking for good tips on how to pay off credit card debt quickly and good ways to save money. Also, what ideas do you have for making extra income and not getting another job that would take me away from my family. Please help!

  • Fredia says:

    My boyfriend is in an estimated 7 to 10 thousand dollar credit card debt, he has not paid his creditors in over a year. He is trying to get back on his feet, i need to know what is the best debt solution and why. please help.
    Thank you

  • Vanita says:

    There are tons of credit card offers at 0% on transfer balances, is this the way to go? I know, read the fine print…..What’s the most logical way?

  • Cory says:

    There has been a lot of talk in the news about a debt stimulus package. I am wondering if anyone offers that in regards to credit card debt. Most of the debt being covered is secured, like a mortgage or auto loan. But what about people that have unsecured like credit cards or medical bills?

  • Cole says:

    I have about $4,000 in credit card debt. Does anyone have any good advice on getting rid of it fast? Or getting it consolidated to a low monthly payment?

  • Nick says:

    file for bankrupsy??? The black mark is for a credit card. A debt solution is handling that. Remember it is just one. Thanks for any help I can get.

  • Alana says:

    I have a new job, am trying to sell my house and am currently renting (new city). I built up credit card debt in the move and want to get it paid off, but can’t get a home equity loan. Should I take my house off the market until I get that loan, or is there a better loan option? I am currently bouncing my debt around to 0% offers.

  • Loma says:

    I’m 21 and have made some studip choices on getting credit cards and charging them up. I have $8000 in debt and am still in school. Is there any way to get this reduced or set up as one payment. I can’t continue to keep making the payments due to living expenses. Thanks.

  • Harvey says:

    i had to use credit solution to settle my credit cards debt ..i just want to know how long it takes after i settle for my credit score to improve..and also does anyone tried the credit repair companies and are they real…

  • Cristobal says:

    I have some credit card debt from two cards and they have both been closed and turned to collections. I would like to put all the debt and make a payment plan or even make a payment plan with the individual companies so I can clean up my credit. How can I do that? And has anyone ever had a similar experience? And would it be better to contact the collection agencies themselves to make a payment plan or should I use Consumer Credit Counseling Services Debt Management Plan? I owe about 3,000 between two credit cards but I am a college student with limited income?

  • Jeannine says:

    Is the credit card debt solutions companies on the up and up?
    I was checking on line about getting my credit card debt paid off. Is it a good idea in using a company to get out of credit card debt?

  • Olive says:

    We have about $22,000 in credit card debt. I am unemployed. We are now living solely off my husbands income (about $80,000 annual). It is getting very difficult to pay down our debt. It is hard to make payments on time, making it seem nearly impossible to ever get out of debt. Has anyone heard of using companies like Money Management International (debt counseling organizations) to consolidate and pay off credit card debts? If so was it a positive experience? how will it affect our credit? or should we just keep trying to do this on our own. Any help is much appreciated!

  • Ashlie says:

    I have other bills and have 2 children to support. I work full time and my credit is not very good at all. I went bankrupt 2 times when
    I was married and was doing great but my son was in a terrible ATV accident and I was out of work for several months and lived on credit cards. Food, utilities, gas, and other things needed. My Ex and i share joint custody of our children but my kids do not go to his home very often. If I mention money my ex says he doesn”t make them stay with me. Turns into a big fight, My boys are both older (18 and 17) my oldest works but my youngest (the accident)
    he is struggling with school work(had a brain injury) and I dont want him to fail it’s his Junior year of high school. HELP???!!!

  • Junior says:

    I am in an enormous amount of debt. $80,000 for student loans and $9,500 in credit cards. I have not had stable work in 2 years because of health problems. I have been scraping by making minimum payments and am not getting anywhere with the principal balance. If anyone has any solutions to this financial mess I have on my hands I would very much appreciate it.

  • Chae says:

    I have around 50,000 dollars in credit card debt. I make 40k a year, and I may end up getting fired. I barely make enough now to pay all my bills. I am maxed out on all my credit cards, but I have been making all of my payments on time, by using my other credit cards. So my credit score is good right now, but unfortunately I have reached my breaking point. Starting next month, I will not be able to make all my payments and will start going into delinquency on my accounts. I know to settle I have to have delinquencies. Should I wait a few more months for my credit to go bad and then reach out to a settlement company? Should I try and file for bankruptcy? I have reached my limit and now realize that no matter what I do, my credit is going to suffer. I just want the best option to get out of debt as quick as possible, I realize the consequences for my credit will be horrible, and know it will take a long time to get back into good standing, but I need a solution asap to get me into a situation where I can afford my monthly payments. If I lose my job I’ll be in a worse situation then I already am in, if that’s the case should I file for bankruptcy? If i don’t lose my job should I settle? Will I have to wait for a few months till I go into stages of delinquency? And if I do settle for half of my debt, going from my full 50k that I owe to now only owing 25k, how much would I have to pay back in taxes on the 1099? Please help me, I have reached the point where I can no longer make my payments, what should I do? Thank you in advance for your advice, it’s much appreciated.

  • Harland says:

    We have over 50.000$ Credit Card Debt.
    1. Card I owe 26 K and my Interest rate is 7.9%
    2. Card I owe 19K and interest rate 11.9%
    3. Card I owe 5 K and interest rate 26.4%

    I also have Car payments, house payment.

    I don’t want to file Bankruptcy because I have Top Secret Clearance and I am not sure about Credit solution companies. I don’t know which one is better but they all seem like pretty much scam.

    I own a house I am thinking about refinancing my home and add my debt in it. I am also searching for home equity loans and consolidation…

    I will really appreciate any suggestions.

    TIA

    * 17 hours ago
    * – 3 days left to answer.

    Additional Details

    17 hours ago
    I really appreciate all the answers coming!

    I quit using credit cards last year, and I possibly cut everything I can.. But my my debt to income ratio is so high!!

  • Oscar says:

    I have a gredit score of 723-740 depending on the reporting agency. I have never had a late payment but carry 100k+ in Credit Card debt. With the slowing economy and realestate slump, my income level has really dropped. Starting next month I will have a $1700 monthly shortfall for my minimum credit card payments. My payments total $10,000 a month and I can afford $8300. I’ve read that debt reduction companies will destroy my credit, and with the real estate slump, debt consolidation loans are not possible. Anyone have a solution that can help me maintain my good credit rating?
    My business has been flipping homes. My credit card debt comes from buying appliances, cabinets, flooring etc. for the homes I buy. Because of the real estate slow down, I am forced to rent a number of homes that I had hoped to sell outright. This is the reason for my monthly shortfall. Also because these homes aren’t my primary residence, a 2nd mortgage (debt consolidation loan) is not possible.

  • Man says:

    My husband and I are in over our heads and we have a baby on the way. We are barely making minimum payments now and we have called to lower interest rates etc. and they are pretty low. My husband just got a new job but it won’t be as high paying as the previous one. I also work full time. We don’t want to file bankruptcy but we do want to try and get out of debt. Is there help for us out there? We can’t pay more than 300 or so a month… we’re willing to get rid of credit cards.. what can we do???
    A few other bits of info..we are moving into a smaller and more affordable place, we have changed our phone plan, cut out the expensive cable, we don’t eat out etc. We have to keep high speed internet b/c of my job.
    This is a result of course of bad decisions…but we financed a wedding on our own which ran way too much, a honeymoon, we robbed peter to pay paul and got in this debt as well when times were tough. Some was wasteful spending I know..but some wasn’t…

  • Arnoldo says:

    I have $30,000 in credit card debt and can’t afford to pay my minimum payments anymore? I do not own a home. I am basically broke. what are my options? what will the credit card companies do if i stop paying on them? Should i file for bancruptcy? Advise would help. Thanks

  • Gavin says:

    I have a high intrest credit card and a low intrest one and am frying to get them payed off quickly. Debating on a low intrest card to transfer all the balances to or getting a consolidation loan. Even thought about trying to consolidate my car loans in with the credit cards if I go to a bank and get a debt consolidation loan

  • Madeleine says:

    I currently have two credit cards (one 4,000 and the other 2,000) that I have had to max out because of unexpected health expenses while being on a probationary period at a new job waiting for health insurance. At one point, I completely paid off the 4,000 dollar credit card, but have since had to use it again. I am very worried about my credit. I have my first full time job after graduating college (my student loans are taken care of by an AmeriCorps stipend, fortunately) but I’m only making enough to cover a little more than the minimum payment.

    Is there any solution to credit card debt before you go delinquent? I’ve had good credit for a long time and I feel holding this debt only being able to make minimum payments will be something I regret later. Any help on the best way to start taking care of this would be much appreciated. Thank you!!

  • Shena says:

    I was told I am unable to get any kind of “credit bailout solutions” because of WI laws. But I was however told I could stop making payments to my credit card company, for about 3 months…and eventually the credit card companys would settle up with me.

    My question? Have you ever done this? Was it worth it? How bad did it effect your credit score?

    30,000 in debt.
    Thanks!!!!

  • Dione says:

    A friend of mine makes 90k, is single and is 60k in credit card debt. She is at the point of no return (passed it in my opinion). Why do banks keep giving out cards to people who will never repay?

  • Shin says:

    I have few credit cards that I have been in debt for about a year now. I stopped making payments six months ago cuz i lost my job. I have a job now, and was wondering what is the best way to catch up and start showing payment? I mean, Collectors have stopped calling etc, Should I try to consilated? or contact each individual company? I really want to pay them off

  • Blossom says:

    They are a company that supposed negotiates with your creditors and settles for fifty cents on the dollar. I have tried settling with them myself, but the only way that option will work is if I pay it as a lump sum. I would love to do this on my own, if possible. I will take all suggestions seriously. I have about $10,000 in credit card debt that I want to get rid of in no more than two years, b/c after that I will have student loans to pay back. I tried a while back offering up $5000 in cash to clear the accounts, but to no avail. Please I need to correct this asap

  • Raymond says:

    I admit it. I was 18, young and unwise. (not to mention my mom screwed up my credit but that’s another tale) I racked up about $5,000 in credit card debt. Right now, I just want to pay it off but I don’t have $5,000 laying around.

    I was thinking of trying GreenPath solutions. But I’ve read some answers and I now have mixed feelings.

    Then I was just going to pay the collection agencies but I heard some bad stories about those too.

    Any advice on how to handle my debt would be well appreciated especially since I’m engaged and I refuse to marry my fiance until all of my debt is gone. Thanks in advance!

  • Kevin says:

    If you get behind on credit card payments what can the credit card companies do to you? I know if you don’t pay for a house you are forclosed, or a car gets reposessed. What do credit card companies do.
    I lost my job several months ago and now the credit card companies are calling all the time. As soon as I get back on my feet I will start making regular payments again.

  • Salvador says:

    I recently received a letter from the court requesting that I pay my outstanding credit card debt from a few years ago. A couple of days later, I received a call from a Lawyer demanding that I pay the debt immediatly. I currently don’t have the funds to pay the debt in full and have been informed that they will be charging me 9% interest each day on the full balance. Does anybody know what my options are?

    Thanks!

  • Lucas says:

    Me and my fiancee have moved in together.My problem is his credit card debt.He has close to,or a little over $10,000 in JUST credit card debt.

    I have good credit.The only thing I have bought on real credit is some furniture for our new apartment totalling $1600.

    My question is what is better…to pay off ONE credit card at a time?Or…to get a personal loan with 8% APR and pay off all credit cards in FULL and just pay on the personal loan.Majority of his cards have HIGH APR.My problem is we would HAVE to get the loan in MY name because his credit score is not so good and no one will give him a loan.But this summer I am starting a new job and will be earning $400-500 more a month.But I also need a new car this summer.

    Would it be smart to pay the credit cards off individually?Wouldn’t the finance,and APR make me pay even more than if I got a loan?The loan would be 8% and we’d pay it off in 4 years.
    We will be cutting up his cards,he has learned his lesson trust me!!!
    We can pay the monthly payments plus some.My problem is not we can’t pay,it’s that I want to save money when paying them off,and pay them off FAST as possible.Because in the next year or two we are going to be buying a house

  • Annabell says:

    I’ve just lost my job and a friend of mine told me about it..

    Thks

  • Idell says:

    Like many Americans these days I am having trouble paying my credit card debt.

    The balance is $8,000 and I am having trouble making the monthly payments.

    What is the best course of action here? Should I make arangments with the company currently? Or is it better to let it go to collections and try and make some kind of lump sum deal?

    Also, will I get sued if I do not pay? If so when?

  • Buddy says:

    My dad is deep in credit card debt and wants to get out, what are the best ones to help him, list as much as possible thanks.

  • Oliva says:

    I am 21 years old, in my junior year of college (30K + in student loans), pregnant (4 1/2 months) and engaged to be married (2010). Between my fiance and i we have about 3500 of credit card debt, as well as he owes 3000 on an old car loan that he defaulted on before I met him. I am overwhelmed and and am trying to figure out what i can do about this. I would love to transfer the balances, but they said that my cards are all maxed out and the minimum amount of balance transfer is too low for them to do it. Are there any suggestions for how I can get a handle on this debt?

  • Junior says:

    i have around $10000 in credit card debt. the ridiculous thing is, my interest rate has steadily gone up to almost 30%!!

    i need some better options here, because the debt is not going down, and i’m just making interest payments every month.

    if i were to apply for another credit card with a lower interest rate, and the transfer the debt to this new card… is this a viable option?

    does anyone have other suggestions?

    thank you
    by the way, i only have one credit card.

  • Nakita says:

    I have several credit cards – all of which I have paid timely & slightly above the minimun – Now, I get this BOMBSHELL that increases my minimum from 2% to 5% on the largest balance card I have. Granted the interest rate is a mere 3.9% but the difference in the minimum is HUGE. I see & don’t trust so many advertisements & gimmicks – I just don’t know what to do. Any help would be appreciated!!

  • Thea says:

    I am a college student with $2000 of credit card debt. The 0% APR on the card will be ending soon. A friend suggested to open a new card with 0% APR for 6 months (or longer, if possible) and (pending approval), transfer my balance to the new card.

    Because of my studies I cannot get a job to pay off the debt until summer, so this seems like a logical solution. However, I feel that the solution cannot be this simple.

    Why can this not work? What are the pros and cons of opening a new card and transferring the balance?
    Thanks for the quick responses.

    I can currently afford to pay the minimum due, but not much more.

    Also, I don’t really want to ask my parents to lend me the money unless it becomes absolutely and totally necessary…

  • Ralph says:

    I’m trying to figure out which route to take with my financial situation. Are there any other options for a person who is still current with all payments but on the verge of possible financial ruin?

  • Wes says:

    Anybody recommended a debt consolidation company?

  • Ronnie says:

    They are located in Richardson, Tx. It is debt settlement not counseling or consolidation but they somehow settle your debt with your credit card companies and claim to usually get you to pay them half of what your debt is over a 3 year period.

    Is this a legit company and how does it work, details if you know.
    Also, what does it do to your credit rating?
    Thanks slimick, we have 3 cards and the payments have gotten to a point that we will soon not be able to pay the minimum. I am trying to control the damage now, my wife got us into this shape without my knowledge (my fault for not keeping a closer eye on it).

    Thank you so much for the info, now we have to figure out what to do. So far we have only had late fees waiting for pay checks to come in to pay the bills.

  • Carolee says:

    A friend has been looking for work for 9 months and living off of credit cards. He started a job making @ 80% of what he was earning when he was laid off. Short of bankruptcy how can he renegotiate these loans and get them paid off?

  • Christine says:

    We have over 50.000$ Credit Card Debt.
    1. Card I owe 26 K and my Interest rate is 7.9%
    2. Card I owe 19K and interest rate 11.9%
    3. Card I owe 5 K and interest rate 26.4%

    I also have Car payments, house payment.

    I don’t want to file Bankruptcy because I have Top Secret Clearance and I am not sure about Credit solution companies. I don’t know which one is better but they all seem like pretty much scam.

    I own a house I am thinking about refinancing my home and add my debt in it. I am also searching for home equity loans and consolidation…

    I will really appreciate any suggestions.

    TIA
    I really appreciate all the answers coming!

    I quit using credit cards last year, and I possibly cut everything I can.. But my my debt to income ratio is so high!!

  • Lowell says:

    No home ownership
    debt settlement vs. consolidation?
    Too many companies to choose from & they all boost their offers! Scam or legitimate?

  • Virgil says:

    Well, heres a big “WHAT IF” question (this has not happened)

    lets say i do somehow get into credit card debt, lets say i somehow need to spend $2000 in a emergency situation. like my car broke down or somethin.

    If i don’t have any money to pay it back in full, instantly, then i know i have to pay it back in monthly installments. along with interest, which differs person to person, card to card.

    my main question, is that…..will having debt in that amount ($2000) ruin my credit? or will it help build it? because i wouldn’t have any $$$ to pay it back instantly, i would have to do the montly installments.

    again, this is a big “WHAT IF” question. i’m usually really good with my credit card, i have never been in debt to it.

  • Jessi says:

    My mom has 2 credit cards about $1800 debt on both (estimate) since 2002 and then suddenly her health spiraled out of control and she could no longer work. Now she is on social secruity – her income is very small and she has to stay on a strict budget just to live. She pays only five dollars a month to each credit card but they keep adding interest so her debt grows larger and larger. I wish I could pay it off for her but I cannot. She has called them and explained her circumstances but they do not care. Is there anything she can do?

  • Loma says:

    ok i own $570 in credit card debt. and the collectors keep bugging me about it. I do not have a job right now because i am pregnant and am not able to work, i just graduated high school and am just in a rough place right now. i tried explaining that and pretty much, if i dont pay the full balance by the end of this month i am going to have to go to court. what do i do? im so confused on my options.

    also:
    its been over 6 months of no payment
    im gonna have a baby anytime now..so its not like i can just afford to pull $570 outta my butt :p

  • Bobby says:

    What will I expect in Pa when defaulting on 8000 credit card. I know they cant garnish wages or intercept tax returns but what other means can they collect?

  • Shawn says:

    Im currently in debt for $3300
    I got my first credit card and went nuts, this was 2 years ago… Ive been trying to pay off this debt for a while now. Part of the problem is i have no job! And my parents refuse to supply me with the funds to eliminate this debt. at one point i missed 2 payments and they jacked me up to 20 percent APR! What can i say or do to help break free of this debt. I know getting a job would be nice, but I’m a full time student and my current college schedule leaves me unable to work. Im extremely stressed out. Maybe i will be able to get a job next semester with a better class schedule, but as for right now im making min payments. Is there any programs or solutions out there for someone like me?
    Btw credit cards are cut up and not being used EVER AGAIN. I pretty much learned my lesson. my credit card debt has caused me a lot of stress. I purchased shit i didnt need!
    All my classes end at 6pm so 9-6 im in class everyday except Tuesdays. Friday weekends are free. Its really tough finding someplace that will hire me.

  • Wes says:

    One month ago, my sister had been send back by his husband to my mother, the reason is simple that my sister had made a fool habit by made several credit card and use it for she didn’t understand what for or may be she was greedy. So now We, her husband, and all her brother, have to pay back the money that she use, every month that make me confuse. Do you have solution for me. Thank you very much.

  • Jerri says:

    Ok, So I owe lie $5200 one one card, $4700 on another, $500 on the third, and $300 on the fourth. I taled to a shady lawyer and he told me not to file for bankruptcy. He told me to stop paying for like 3 months and build up cash and when it goes into collections to start negiotating. Is this wise? I mean I can only pay the min. on each card but I calculated it and I will be 54 before my debt is paid in full (I’m 22). Also, Which one should I pay off first? I hear the highest amount sometimes and the lowest amount owed from other people….thanks!!!

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