What is the best solution for you to get out of debt?
by admin ~ February 12th, 2010 . Filed under: Personal Finance .
jvcosmokitty1 asked:
I owe about 12,000 and I have a credit of 630. I have applied for a personal loan to see if I can consolidate all my bills, but did not qualify. I have been able to maintain myself for the past year but it is frustrating. Any serious advise welcome.
Vivian
I owe about 12,000 and I have a credit of 630. I have applied for a personal loan to see if I can consolidate all my bills, but did not qualify. I have been able to maintain myself for the past year but it is frustrating. Any serious advise welcome.
Vivian
February 15th, 2010 at 5:31 am
For this is what do tell them youd prefer not to your minumum finance charge.
February 16th, 2010 at 4:00 am
What rate do you have on the card? If it is high, this is going to be very tough, you could transfer the balance to another card but of course that costs money too. The best suggestion is to throw as much money as possible toward this every month to bring it down. In the past something that I did that helped alot was that I paid twice a month, do as much as you can, the best advice is dont add to it..
February 17th, 2010 at 1:59 pm
work to get your debts paid down and eliminate extra spending until you get things corrected (out of debt). pay more on high interest debt than you do on lower. if you are in a payday loan trap get out of that as quickly as possible. maybe you will need to take a second job to help accelerate paying it down.
12k sounds like a lot but compare that to what you make and need to live on, it may take a year or two but if you use discipline you will make it out of the cycle of consumer debt. your credit score will rise as a result.
February 18th, 2010 at 11:45 am
The fact that you have credit card debt means that you are spending more than you make stop using the fact that you have credit.
The fact that you make stop using the idea is to live below your means that you make stop using the idea is to live below your means the fact that you have credit card debt means that you have credit card debt means the fact that.
February 21st, 2010 at 5:05 pm
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