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Credit cards maxed out
Posted: Sun May 29, 2011 9:08 am
by Franklin
I am disabled with monthly SSDI $781 & food stamps of $154 per month. I need help with rent, credit card debts, utilities, food & medical bills. I have survived by credit cards & help from friends but now I can't get anymore help from friends & my credit cards are maxed out. All my utilities are past due & my rent too. If only I could get monthly rental help & my utilities paid up then I can survive but I will be homeless soon without assistance. Help me please!Thank you.
Re: Credit cards maxed out
Posted: Tue Jul 05, 2011 5:33 am
by Admin
We are partial to either non-profit credit counseling or debt settlement. Now only use debt settlement if you have the right terms from the company you work with. So no up front fees, they only charge you if they save you money, etc. They can help you address various debt issues, including credit cards. Here are some of the pros and cons of
debt settlement programs and options.
Franklin wrote:I am disabled with monthly SSDI $781 & food stamps of $154 per month. I need help with rent, credit card debts, utilities, food & medical bills. I have survived by credit cards & help from friends but now I can't get anymore help from friends & my credit cards are maxed out. All my utilities are past due & my rent too. If only I could get monthly rental help & my utilities paid up then I can survive but I will be homeless soon without assistance. Help me please!Thank you.
Re: Credit cards maxed out
Posted: Tue Aug 02, 2011 3:18 pm
by bhnyc83
What are you tips for paying on student loans vs credit cards? My cards are pretty much maxed out too, and I also have a medical bill I'm paying on, in addition to rent, utilities, studnet loans and credit cards. What's the top priority here? What should I focus on to get back on track?
Re: Credit cards maxed out
Posted: Thu Aug 11, 2011 5:22 am
by Admin
Try working with your credit card companies to deal with that debt. Many will reduce rates, provide abatement, waive fees, or come to some other type of deal if you ask for it and push them on it. The programs are known as
credit card hardship programs. Basically a credit card company would work with someone so they collect some cash vs. seeing the person go bankrupt, in which case they get zero. That will give you room to address student loans.
bhnyc83 wrote:What are you tips for paying on student loans vs credit cards? My cards are pretty much maxed out too, and I also have a medical bill I'm paying on, in addition to rent, utilities, studnet loans and credit cards. What's the top priority here? What should I focus on to get back on track?