Best way to settle $60K in credit card debts?

get some tips here http://credit---card.org/

Best way to settle $60K in credit card debts?

make extra payments. get a second job. stop using them of course.

Best way to settle $60K in credit card debts?

Read some tips here

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Best way to settle $60K in credit card debts?

1) Get a better job.

2) Ask a loanshark for help.

3) Change your identity and get outta the country fast.

4) You shouldn%26#039;t be using a credit card if you can%26#039;t handle the freedom of spending plastic money. Stick with paper.

Best way to settle $60K in credit card debts?

I%26#039;m assuming you have no resources to pay the debt either at once or over time. Have you tried to work with either the creditors or a debt management company? The only way to %26quot;settle%26quot; other than paying them off would be either bankruptcy or a settlement with the credit card companies. You work with them and offer an amount you can pay them and see if they will accept that amount; they aren%26#039;t required to, but when faced with a bankruptcy, they may be willing to write off some of the debt. Keep in mind that most settlements entail a lump sum you have to pay them right there....not over time. This will reflect on your credit report as a debt settled for less than balance, with is a negative, but not as bad as a bankruptcy.

Best way to settle $60K in credit card debts?

Consolidation is the best solution available to the credit cardholders to improve their future credit. People go for debt consolidation for many reasons: prolonging the loan period from 5 - 15 years and reducing the interest rate. Consolidation allows you to go for a loan with lower interest rate than the one you are currently paying. Besides it simplifies the loan repayment as you are paying only one lender in place of various payments to different lenders.

Best way to settle $60K in credit card debts?

If you own your home you can a home equity line of credit. If you don%26#039;t you still be able to get a line of credit with no collateral requires. With this type of line of credit, you can also initiate the payment terms and amount that fit your budget. There aren%26#039;t application fees, annual fees or prepayment term penalty. Also tax deductible on interest. Cash is paid out in a single check or an electronic transfer to the account of your choice. It%26#039;s a fixed rate for this type.

Best way to settle $60K in credit card debts?

work three jobs until its paid off