I have become $43,000 in credit card debt. Is there a debt relief company?
Question:
Is there a company out there that can help me combine these cards and reduce the amount I owe without any gimics.
yes 310-debt is a phone number to call if you live in canada
Do NOT use a credit card debt relief company to help resolve your issues. Here is how I got myself out of credit card debt!
1. cut up all of the cards except for one. Immediately. The one that you keep, put it in a safe deposit box at the bank and only use it for TRUE emergencies.
2. Do not ignore the fact you are late. Write each one of your debtors and tell them that you are in a financial bind and offer to "settle" your credit card debt for a specific amount. Offer to make payments that you can afford..even if it means sending each debtor just $20 a month. It shows you are making the effort to pay and even if they take you to court, it will show the judge you are making the effort. They can't kill you...so, you have the advantage!
3. Your home is protected from all debt collectors. So as long as you make your home payments, you'll have a roof over your head. Write out a budget and ensure you stick to it!
4. DO NOT BUY ANYTHING THAT YOU CAN'T GET WITH CASH! If you can't pay cash for it, you don't need it!
5. debt relief companies will keep you in debt! Trust me! They won't help you. You have the power, within yourself to get yourself out of the mess you got yourself into! Believe in yourself and everything will work out!
go to daveramsey.com and you will be amazed he helped my parent pay off 25,000 dollars in debt and he teaches you about how bad credit cards are and that debet cards are safe
its a great place to go when you need money in your pocket and less debt but it dosnt happen over night you have to be patient and it may take a year but its worth it!
I would not recomend a debt relief program.
go to
www.daveramsey.com
He's really good at thing like these
You can use many online resources such as http://www.mm-review.com/money/2.html. They have great help. Check them out. There isnt a reason to use a debt relief company. Best of luck!
If you are caught in the credit card debt trap, approach a debt consolidation company for help, instead of paying high rate of interest to your card issuer. Most of the debt consolidation companies provide loans to help you tide over the credit card debts. These loans are known as credit card debt consolidation loan. The advantage of this loan is that you are charged a low rate of interest. The difference between the interest charged on the credit card and the interest on the credit card debt consolidation loan is substantial, saving you quite a big sum of money.
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