Serious credit card problems.....?

i owe around $20,000 in old credit card debt as well as around $5000 in personal loans to people and i only make $35000 a year and live on my own with $800 rent to pay every month as well as gas to get to work, where do i begin to fix this problem as well as my credit??

Serious credit card problems.....?

Have you heard of the Dave Ramsey show....a syndicated radio talk show? He helps people with debt problems.... because he lived it himself....

If you have a big bill to pay because of car debt... sell the monster and pay cash for one... then use what you were paying in car payments to knock off the credit card debts... Pay off the smallest debts first... and then use the money you were using for that payment when it is done to apply to the next... If you discipline yourself and do it faithfully, sucking in your belt and not spending money unnecessarily.... and get a second job for a while... you can do this!

We own our own home, have three vehicles, raised 4 kids, have savings and checking accounts, A+++ credit, and today live on $25,000 a year....

We learned our lessons in life early by not charging on credit cards what we could not pay off that same month... Make it a way of life!

If you want more help.... call the Dave Ramey show 2-4 EDT or check him out on his web site... He has a great book called %26quot;My total Money makeover.%26quot;

Serious credit card problems.....?

bankruptcy

Serious credit card problems.....?

You need to contact credit counsellors ASAP. They can help consolidate your debts and talk to your creditors to work out a plan. Or you can talk to them regarding bankruptcy.

Most will give you one free counsel session.

Good luck.

Serious credit card problems.....?

Go to the bank and see if you can get a consolidation loan. If they say ok, call the credit card companies and ty to make a deal. Tell them your going to file bankrupcy, and are they willing to help you before you file. Alot of times they will take so much on the dollar.. You could always file for bankrupcy, it doesn%26#039;t sound like you have alot in your name. It just takes a while to build your credit back up. Good luck.

Serious credit card problems.....?

Live on as little as possible, then make the minimum payments on everything except whatever has the highest interest rates. Put everything you have left each month toward the highest-interest debt.

Serious credit card problems.....?

There is some good info here.