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We Had a Quad Racing Business But Ran Our Credit Cards Way Up. – Karen

“Dear Damon,

had a racing business in quads and went way over our head. we used our own credit cards and now this is where we are at.live from pay day to payday

iam in debt up to my head. i need help now. who should i turn to . who is the best debt settlement. or what shall i do i have around 39000.00 in credit card debt i have to do something soon. Like now. please help me damon iam scared to death.

Broke in Kansas”

The Answer

Hello Karen,

In order to tell you specifically what the best strategy is to move forward with, I would need to know a lot more about your situation.

What is your income like? Is it steady? After paying your necessities, how much do you have left over if any to pay towards these debts? Do you have any assets that could be seized or garnish able wages if a creditor was to obtain a judgment.

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How old are you? Do you have a retirement? Are you married? What are your plans for retirement?

Are you current or behind on these debts? If behind, by how far? What sort of interest rates are on these debts? What options have you looked at and which are you considering? Do you feel settlement is the best option? If so why? Have you met with a bankruptcy attorney?

These are all things I would want to know so we could put together an overall plan. Unfortunately blindly referring you to a good debt settlement company would be a tremendous disservice to you until I understand what you should be doing. While I do know who the good companies are, I can get fairly large discounts off their fees for my clients if I refer a client that I know is in a good situation for settlement.

It is a win win for the settlement company and my client. They get a client who will have ran through all the options with me if together we decide that settlement is the best choice and there is a large change for success, and my client will have the benefit of hiring a solid company that puts their clients first and receives a substantial discount off their fees. So lets take things one step at a time and make sure you get the right information to make an educated decision that is best for you and your family first. Then once we know the solution, we can talk about whether or not you need to hire anyone to help you implement it.

Please answer these questions for me in the comments section below, or if you would prefer a private phone consultation, which would be better in my opinion (of course you could say that is bias), but good advice just the same. You can contact me through my website to set up the call and we can take an overall look at your entire financial picture as well as your goals moving forward. Then we will customize a strategy based on that input and get things moving in the right direction for you.

Damon is a talented independent debt coach that provides in-depth assistance and consultations for people struggling with debt. If you want a personal debt coach to help you through a difficult situation or want assistance to find secret discounts offered by debt settlement companies I think Damon Day is an excellent person to contact for advice and assistance. He can be reached directly at DamonDay.com

If you have a debt related question you’d like to ask, just use the online form.

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About Damon Day

Damon Day
Damon Day is a talented Debt Coach who offers fee based consultations to consumers as an alternative to the typical free debt relief consultations which are nothing more than thinly veiled sales pitches lacking any real information to help a consumer make a good decision. You can learn more about how he can protect you from getting ripped off at DamonDay.com

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I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


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