right now im about to get out of the marine corp in about a year i have not much job experience and getting a job is going to be hard i have a car right now that it about 400 dollars a month, im about a minimum month behind i have a credit card of just limit of 12 hundred im trying to pay off i also just rec ently have a cell phone bill of about 700 dollars that i cant pay and now using a pre paid phone. i also have a debt with golds gym but they havent contacted me in about a year or two now.
I need to figure out a way of getting out of all this debt its not helping my credit score any more since all the last payments and not paying othwer debts is killing my credit every month. i want to be able to pass a credit check with out having to pay 1000 for just trying to get a simple appartment in the near future. if you could help me out i would be very grateful!
Well the best way to dig yourself out of this hole would be to continue to pay off your debt and not run any more up. To have a better credit score you don’t want to close that credit card and you’ll want to pay down the card so the balance is no more than $400. You’ll also need to get that car loan payment current as soon as possible and keep it that way. Focus on achieving those goals first before we start to look around for any other accounts you may not know about that need attention. To do that we’ll need to take a look at your consolidated credit report and see what is being reported about you.
On the phone debt, contact the company and make a payment arrangement you can afford that doesn’t scupper the plan above.
It’s easy to get out of debt by living beyond your means, getting out, by living below your means is harder and a lot less fun.
Depending on where you are stationed you might want to see if there is any part time jobs that you could do to bring in more money to use to pay down the debt.