I have $XX,XXX amount of debt and I really need some good adviceSubmitted by Sygnus Centauri on Wed, 11/11/2009 - 22:19
I know here is the best place to ask a question like this so here it goes. My business went under several months ago and I really don't have a great history of managing my finances either.
I currently owe $15,916 between three different credit cards. I am already past due on them ranging from 120 - 160 days.
I owe $1,495 between electric, phone, overdrawn checking accounts.
I am looking at the possibility of debt consolidation so I can make a minimum payment each month, hopefully under $100.00 each month at least until March 2010. I will be leaving for India near the end of November and returning at the beginning of March. I really need to come up with a solution as soon as possible at least until I get back in March.
If you have advice about anything or about debt consolidation companies that you would recommend, I would greatly appreciate any advice whatsoever. I don't know if debt consolidators can help pay bills like electric as part of the plan but if you know of one that does that would be good.
I am open to alternative solutions as well besides debt consolidation. Thank you.