How Can I Save Money?

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

Margaret

Joined: 13 Nov 2009
Margaret's page
Posts: 78

-146 Magic Points

Subject: How Can I Save Money?

Fri Nov 13, 2009 5:19 pm

I have a question about saving and paying off debt. Right now, my husband and I have no bills except credit cards and loans, totaling about $5K. We don't pay rent, car payment, utilities, etc. The only thing is the CC and loans. But here is the catch, I don't work, I'm pregnant with our second child, and my husband doesn't make enough to cover the bills. How Can I Save Money? How can we manage paying our bills and trying to save money with such a low income? We haven't payed the CC or loans for about 3-4 months, because it just seems unaffordable with his salary. Please give us some advice

debranewell2008

Joined: 10 Oct 2009
debranewell2008's page
Posts: 594

99 Magic Points

Fri Nov 13, 2009 10:34 pm

You can call the credit card company's and explain your situation to them. Most of them have a hardship program and can lower your payments until you can get straightened out. If you do nothing they can sue you and garnish your wages. So I would say if you are that far behind you need to call them soon and get this taken care of. Keep us posted.

Quick Reply

Your Name

Subject

Message body


Page 1 of 1

Home|Contact Us|Terms of Services|Privacy Policy|RSS

* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.