CAN YOU HELP US GET OUT OF DEBT?

cajunbulldog · Fri Aug 31, 2007 7:07 pm

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Cajunbulldog
Keeping an eye out for consumers.

sdchargers_63 · Mon Sep 03, 2007 2:08 am

smilenyc07 · Sun Sep 23, 2007 6:12 pm

Hello BEASTER, welcome!

There is a million things that you can do to get yourself back on track.

First of all, summarize your responsibilities. Get a piece of paper, or open up Excel, and wrrite everything down. Write down all your creditors, what amounts you owe them, what are your minimum monthly payments, what are your associated fees and APRs. Put them in groups- if you have credit card debt, student loans, payday loans, loans from credit unions, from friends.

Second, put your monthly expenses in that table as well. Write all your bills down, and put $200 aside fot "others" - this is your "unexpected occurrences" budget.

Now, check if what you guys are making per month is less that what your total spendings are. If so, then you start cutting costs down. Stop the cable TV, stop going out, cancel all unnecessary services, lower you cellhpone minutes, anything that can help you save.

Third, pull your credit reports from http://www.annualcreditreport.com/. Its free to get them once per year. Check the reports thoroughly for errors, false accounts, balances and personal information.

Also, visit debtconsolidationcare.com. It is a great forum with a lot of knowledgeable people, that can help you get out of debt. They also offer free consultation!

sdchargers_63 · Sun Sep 23, 2007 7:21 pm

smilenyc07 · Mon Sep 24, 2007 4:32 am

Thats right, people there are very helpful and nice. Something, that made a huge impression on me was a post, where a forum member was saying that it is impossible for her to handle her financial situation anymore. In minutes, the topic was full of posters, who were donating their hardly earned points to the member in trouble. That was just something that I wish I could see more often.