Where does one start when in Debt?
zed
Rep Points: 10
Hi, What is a good starting point when you have *alot* of debt? I have no idea on where to begin.
Contact your creditors. If you are unable to afford your payments you have options. Credit Debt Counseling, settlement, chapter 13 or chapter 7 bankruptcy. Your starting point depends on the severity of your debt. Review this site. Tons of information, it's helped me alot.
I actually have found that you get more accomplished with a debt consolidation company than trying to negotiate on your own. I had a Discover card and they told me that they would not negotiate with me. I would have to have a company call on my behalf. When the company finally did call, they cut my balance by 40%, eliminated my late fees, and talked down my interest rate. I have to pay them a monthly fee, but it looks like it's more than worth it. I write one check to pay all of my bills and I saved a boat-load of money on my debt. Good luck!
Hi, I just signed up with
BillsAndDebt.com and they offer 2 options. Debt consolidation and Debt settlement. Which offer would you recommend? Please Help!
A reputable credit repair company will be inexpensive and be able to do this for you very quickly. Why not contact a reputable one.?Alternatively you could visit this wonderful site that I came across - mycreditdetail.com which contains surefire tips to repair a bad credit history and also tells you how to managem credit cards better.
