Help Dealing With High Interest Credit Card Debt

By

Deeli

Just came across this and it might have some helpful info for you:

http://www.nytimes.com/2009/08/22/y ... r=rss&emc=rss&pagewanted=all

By

lyndagayle62

I finally had to declare bankruptcy, thinking I would be ruined for life, but I haven't been and it's been now eleven years. All I have now is a build up of undeserved medical bills I told each one in the beginning I could not pay, but who said it's ok anyway! I haven't ever had a credit card since, by choice.

Try DIY bankruptcy, I hear it's both possible and works?

Good luck.
: )

By

Deeli

Try first pleading with the credit card company and see if they will offer a reduced rate or some other plan. If you use a credit counselor make sure it's a non-profit one because the for profit ones are sharks :-(

By

irisbird

A credit counselor can help. They can take all of your unsecured debts and you will have one, much lower payment to make a month. They will get your interest reduced. Your accounts will be closed but if the object is to get out of debt, that's a good thing.