Too much debt

[melodylogan45]

Are there any banks or finance companies out there there you have
used to borrow money from to get out of debt , also with not so good credit. I lost
half of my income due to lose of a job a few years ago.

Any suggestions.

[Tresbn00]

You could look at consolidating all of your debt on to one credit card that offers a lower "Teaser rate" to begin with. Lending Club and Prosper are two sites in which pools of investors put money towards different loans-the rates are adjusted based on level of risk taken ie worse credit pays a higher rate of interest.  Some people believe that if you have over ten thousand dollars in unsecured debt that bankruptcy should be a consideration. I work with a few attorneys who have a few hundred thousand dollars worth of education loan debt.  They are able to push off the due dates on this debt because they aren't making enough money to live on.

[cathy37]

After I got my divorce, I had a lot of credit cards.  I used a bill consolidation company.  They worked with the credit card companies and set up a plan that was easy for me to pay back.  When I paid them off, it had helped with credit score.

[lorettahknox]

I had debt before so I now how it feels. I paid all of them off. Figure out how much of your pay you can use towards debt. Then figure out what percentage of your total debt each bill represents, then pay them that percentage of the total amount of money you have available until they are paid off. This way you pay all your bills a specific amount without losing your mind.

[hawkeye3210]

Borrowing more money isn't going to be the way to get out of debt. I'd work on a plan to pay off the existing debt.

[lguzman1]

If you want to keep or raise your credit there is debt consolidation and If it's just to hard for you, you might just have to consider bankruptcy. I would talk to a credit counseling place.

[melodylogan45]

You could look at consolidating all of your debt on to one credit card that offers a lower "Teaser rate" to begin with. Lending Club and Prosper are two sites in which pools of investors put money towards different loans-the rates are adjusted based on level of risk taken ie worse credit pays a higher rate of interest.  Some people believe that if you have over ten thousand dollars in unsecured debt that bankruptcy should be a consideration. I work with a few attorneys who have a few hundred thousand dollars worth of education loan debt.  They are able to push off the due dates on this debt because they aren't making enough money to live on.

Thank you for the information.

[melodylogan45]

Thank you all for the information.

[jenniferhoder]

I was going to suggest te same thing- consolidate your debt and have one minthly adorable payment
I know there are companies out there- I've seen the commercials but finding a reputable company is key!

[ytorres3]

There is so much to say about debts that I can say for one a settle ment can be a quicker way out and defferment depending on a situation