help my friend

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andyth

Joined: 03 Oct 2009
andyth's page
Posts: 32

1237 Magic Points

Subject: help my friend

Sat Nov 07, 2009 11:58 am

Hi Community,

One of my fast friend need help.....
Please guide him.... Thanks

"Hi all,

I live in Colorado, and I currently owe about $34,000 on credit cards: 26 to CitiBank, 4 to Chase, and 4 to Capital One.

I am married, but wanting to get a divorce soon and move out on my own. I do not want to ruin my husband financially. This debt is all in my name. Currently, I have no real income. I am a grad student, so I have been paying my bills with excess student loan disbursements and a small amount of money I was making working for my school, which has stopped now. I am planning to find work a few days a week once my schedule frees up, and will be making a small amount each month once next semester starts.

So, that is my story - I have absolutely no idea where to start. I don't know if I should try some sort of settlement program? And if so, I have no idea about how to find a reputable one. I would be grateful for any input."

debranewell2008

Joined: 10 Oct 2009
debranewell2008's page
Posts: 421

7253 Magic Points

Sat Nov 07, 2009 12:18 pm

Hi andyth,

I'm thinking more on the lines of a consolidation of your debt. For one it doesn't hurt your credit as bad compared to a settlement. And I'm not 100% positive about this put I think since your not behind on the credit cards you might not be able to do a settlement. I'm sure others on here can help you out with that. But there is a non profit organization that posts on here that seems to be legit. But of course do your homework first before dealing with any of them. Because there are some scams out there. But the name of their organization is Freedom. Good Luck to you.

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