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Debt Destroy

Out Of Credit Card Debt, What's Next?

Posted on October 1, 2009 at 2:07 am
After having gone though a debt relief option (bankruptcy, credit counseling, or debt settlement) what's next for the consumer?

Franny (Guest) Rep Points:
Posted on October 1, 2009 at 3:22 am
Replenishing savings is one

ispydebt Rep Points:
Posted on October 1, 2009 at 4:07 am
After having gone though a debt relief option (bankruptcy, credit counseling, or debt settlement) what's next for the consumer?Rebuilding credit.

customer no. 5 Rep Points:
Posted on October 1, 2009 at 4:15 am
How to rebuild credit after having gone out of credit card debt(s)?

golliwog Rep Points:
Posted on October 1, 2009 at 4:29 am
You might not want to pay off your other debts in one lump some..to establish or show a good payment history.

Isabel Rep Points:
Posted on October 1, 2009 at 4:42 am
When you have payed off everything, apply for an unsecured personal loan or an unsecured card.
Posted on October 1, 2009 at 4:45 am
I agree, and after that you can try to apply for an unsecured loan (credit card) although it might be hard. If ever you get one, expect to be hit by high interest rates.

what's next? Rep Points:
Posted on October 1, 2009 at 4:47 am
It's as if you guys woke up in the middle of the story...So let's go back to the beginning, how do you get out of credit card debt?
Posted on October 1, 2009 at 4:59 am
Create a system of payment. You can eliminate the debts with the higher interest rates first and apply the payments that used to be for that on to the next debt. Do this until they're all gone.OrStart with the smallest bill and work on paying this first. Paying the smallest bill first, will give you a sense of accomplishment.
Posted on October 1, 2009 at 5:03 am
how do you get out of credit card debt?If you are not doing it d.i.y. depending on the amount of your debt, you can try either credit counseling or debt settlement.For debts amounting to more than $10,000 and accounts past due, it's debt settlement.For debts amounting to less than $10,000, accounts current, but with high interest rates, it's credit counseling.
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