Best way to fix credit and debt?
May 16th, 2010 | 
Author: I apologize this is going to be a long one.
Past May I lost my job and was not able to get unemployment. I abandoned my apartment since I was very honest and informed my landlord I don’t think they ever filed anything against me, haven’t seen anything on my credit report yet. Anyways I was well off in my job, had 4 credit cards, a car loan and a loan for my furniture set. All of these had never had a late payment, my credit score was at 720 something. Obviously afterwards everything except my car loan is now at least 180 days overdue, all but 2 of the cards are in collections. About ,000 in debt and I owe my dad ,000. I owe my dad ,000 because he drove out and helped me move back across country with all of my stuff since I had no place to live. Well, I took a phlebotomy class and after 3 months of applying the only place that was offering me a job was back in my original state so I packed my car up and I am living rent free with my long time boyfriend who I had moved away from… I hope that wasn’t confusing. So I’m out where I began, all of my furniture that I owe 00 on is 1000 miles away. I’m only making 00 a month. I have 00 in credit card debt. I’m trying to pay off this debt and I’m wondering the best way to go about this while keeping my credit score in mind. Since May it has dropped down to 516. I’ve thought about filing for bankruptcy but I think that would be a bigger scar on my credit. Also I think it’s a moral issue, I made this debt and it’s my responsibility. I’ve thought about trading in or selling my car, but even if I did I’d still be paying on it since it would resell for so much less. I’ve also thought about selling my furniture but I don’t think I would get that much money from it. It’s all in my parents basement not getting any use and I’d love to have it out here but from what I’ve found it costs a lot of money to transport it across the country. So does anyone have any advice?
The credit cards were cut up as soon as I lost my job, all of my extra money is going towards the debt. I am not spending on anything extra at all.
Posted in free debt advice | 
Tags: apartment, car loan, collections, Credit Card Debt, Credit Cards, credit report, credit score, dad, Extra Money, filing for bankruptcy, furniture, job, landlord, long time, love, moral issue, much money, parents, scar, unemployment
4 Responses to “Best way to fix credit and debt?”
Leave a Reply
How to get out of debt:
1. Don’t spend more than you have.
2. Don’t use the credit card no more!
3. Spend on needs, not on want.
4. Pay off highest interest rate first.
5. Interest rates are negotiable. Negotiate rate.
6. Track 4 weeks where you spending your money.
7. Save 5-10% of annually salary.
I had the same problem. I can lone you 1,200 if you really need. just say if you need it
Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://CreditSolution.ez-mart.biz
Hey,
Several years ago , our life fell apart and my wife and I found ourselves in a mess. We were about 50,000.00 in debt. We called Take Charge America and 5 years later, we have very high credit scores and have just bought our dream home. There are alot of debt counselors out there but these guys are great. I can’t tell you the difference it made in our life.
Little history: Our first child had kidney problems, had no insurance. I had a stroke, no insurance. Everything that could go wrong did. We both lost our jobs and ended up on food stamps after living the life for years. It was humiliating. We had always had money and took trips to the beach all the time. Things can change so fast. But I have to say that our faith in God led us to the right people to help us and we paid everything off and now our scores are in the 790 range. I hope this helps. Scott