Paula wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
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“Dear Steve,
I can’t meet my monthly payments. I lost my job after 23 years, but have found another one and am currently working, but fell behind and cannot seem to catch up!
My credit isn’t good because of late payments. I do have decent income, but fell behind and am drowning just trying to get caught up.
Paula”
The Answer:
Dear Paula,
If you are just struggling with the amount that you are past due but could afford the monthly minimums if you were not past dues, then click here for debt management information. A debt management program may be able to help bring your payments current, reduce your interest rates and let you get back on your feet without bankruptcy.
Investigate the debt management route first and let me know what you decide to do.
