Urgent advice needed!!!!?

Answers:7   |   LastUpdateAt:2012-10-16 22:22:03  

Asked at 2012-08-25 06:27:19
Ok I think my boat just sank . I have approx . 30K in credit card debt , I have a personal loan with a balance of 10 km and a car loan with a balance of 6K .. We also now have medical bills of 6.5K . I have not been late on any of my payments for personal loan , car loan and credit cards . I have not been able to pay medical bills at all. They have not sent me to collections yet, but have threatened . So now my cards are out of control because the minimum payments barely jumped . I was in a deal of interest of 1 % a year , but now I can not afford the payments . I have not been using the cards to pay than some of the smaller medical bills . Just doing 37K a year before tax , and the rent is $ 450 per month. You do not earn enough to pay all my bills and still eat and I'm not sure what to do next . Should I let my credit kill and resist until I get a better paying job ( activly looking) Should I try to Consumer Credit Counseling , or should I file for bankruptcy ?
Answer1HopeAnswered at 2012-08-26 21:39:17
You could also try a consolidation loan . I did it with Beneficial Finance Company last May and it was the best thing I've done . Of course that really has to do since then, but worth it in the long run. It will not cut your credit cards , but you must do it yourself . You can keep one for emergencies . No more expensive nights out , not renting movies or elegant meals grocery / for a while, but can be done . I did .
Answer3tyler rossAnswered at 2012-09-02 17:04:03
Do not declare bankruptcy yet. Try to find other ways to cut costs , and that certainly require increased revenues . Get a job on second and / or third party before attempting to replace the first . Maybe a route daily in the morning and delivering pizzas at night and on weekends . You do not have to do this forever , until you can catch up. You can also talk to some of the lenders to see if you can train a payment plan that you can handle . Good Luck !
Answer4 Kefir -Answered at 2012-09-03 19:56:02
You can try to negotiate directly with creditors to reduce payments . His company car loans and personal loan company can even allow you to skip a payment ( Many do it as a courtesy , and add that month jumped to the end of your loan ) If you still have good credit , you should look to consolidate all your debts into one loan that will dramatically reduce your monthly payments if you include the car and personal loan . Good Luck !
Answer5ComputerPalAnswered at 2012-09-05 11:10:04
I think you should look at all options before declaring bankruptcy. Have you thought about getting a debt consolidation loan ? The rate will be less than what you are currently paying on your debt , and you will have one payment to manage. And home ownership is not required. You should definitely comparison -shop , try the site below to see what you would get
Answer6RyomaAnswered at 2012-09-20 22:00:03
You can do this by itself , no need for a credit counseling company . Do not cut your cards just do not use anymore. Call the companies that do business with and discuss your current problem . You can learn how to do this in http://www.thecreditrepairmanual.com < / a> MedlinePlus I started using a company credit counseling at first and paid $ 40.00 per month in installments ... I had to call and follow up all the time and most of their work for them . Why pay a monthly fee ? You can do it yourself !
Answer7GabrielAnswered at 2012-10-16 22:20:55
Get a roommate to share the rent . This will free up to $ 225 per month. MedlinePlus MedlinePlus Call your credit card, see if you can get to settle for an amount you can afford. MedlinePlus MedlinePlus If you can , try to get a credit card with a fixed rate for life on balance transfers , and get rid of as APRcard that. MedlinePlus MedlinePlus Use as a last resort bankuptcy LAST LAST . That's really bad for you .
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