Debt consolidation, what do l do?
Question:
is there any place that l can go to? l dont want to file bankrupcy and l want a consolidate all of the loans but is it posible? my mortgage payment itself is $2,100 and l dont make that much money l had all this loans before l joined the Army.
military has financial agencies that assist soldiers dealing with this kind of situations but l went there and they told uufff , sorry, thats too much , we cant help u . lol
any sugerencies?
Answer:
If you have found yourself overwhelmed by debt from your credit cards, you may be wondering how to eliminate credit card debt in your life. Believe it or not, you have a lot of company when it comes to worrying about how you are going to eliminate credit card debt. Many Americans are over their heads in debt. It is important that you take steps to get your debt under control before you end up in serious financial trouble.
Find a Way to Get Better Rates
One way that can help you get rid of the credit card debt that you are in is to find a way that you can get better rates on your credit cards. You can do this by trying to find a credit card that has lower rates than your current cards, and then make transfers over to the card with the lower interest rate.
Another way you may be able to get better rates is to try to negotiate with the company or have a credit counselor negotiate with the company to get you better rates on your card. While you may not realize it, having a lower rate can actually save you hundreds of dollars and can help you get out of credit card debt much faster.
Eliminate Debts One By One
If you are wondering how to eliminate credit card debt, another way that can be a great help is to start working methodically to eliminate your debts one by one. You can choose either to pay extra on your card with the lowest amount of debt or you may want to pay more on the card with the highest interest rate, but whichever way you choose will be a great way to help you get out of debt much faster. Read more about it at: http://www.credit-card-gallery.com/artic...
If you could put a coherent sentence together you might get an answer. Sell your house and rent something cheap. Sell your cars and buy something cheap that will get you from point A to point B. Put all the extra money you have to bills.
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