We are drowning in debt. So far we have managed to get our MINIMUM monthly payments out each month but we are getting no where. Would a debt management program be a good option for us? What exactly is it? Where do I find a reliable one to work with?
You are right paying the minimum payments will definitely not get you anywhere you’ll end up just throwing extra money away to the credit card companies. I was in the same situation with about 18K in debt about 3 yrs ago. You can call Consumer Credit Counseling they’re reputable and they’ve been around forever. They have a couple different programs to go with. I went with a consolidation plan and they lowered my interest rates and put everything into one monthly payment that i could afford, as of right now I have it all paid off and my credit is back on track. You can call them and they’ll go over some options with you. Hope this helped! 1-877-343-5830
congrats on the minimum monthly-stop using the cards. Now call all the cardholders and ask nicely if they have any options to lower interest- or reduce fees. Create a workable budget and try to pay off the highest interest stuff first. There is nothing a debt management program can do that you can’t do on your own. Creating the budget is the key. Living by it is the magic.
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Beware av the plaeses that promis tu solv yer munee problems, such a "lone konsolidate". Most R frauds. & the onest 1’s oft make thangs badder. Yu kan du NE-thang em klaem tu du if yu put yer mind tuit.
References :
You are right paying the minimum payments will definitely not get you anywhere you’ll end up just throwing extra money away to the credit card companies. I was in the same situation with about 18K in debt about 3 yrs ago. You can call Consumer Credit Counseling they’re reputable and they’ve been around forever. They have a couple different programs to go with. I went with a consolidation plan and they lowered my interest rates and put everything into one monthly payment that i could afford, as of right now I have it all paid off and my credit is back on track. You can call them and they’ll go over some options with you. Hope this helped! 1-877-343-5830
References :