I was in a debt management program until April. I was spending out $700.00 a month can no longer afford this amount. I have about 10 credits cards, total of about $2200.00 In debt. However, 4 of these creditors I owe a little over a $1200. The program I was in said that it would take about 5 years to pay off my total debt.
My question why should it take 5 years to payoff creditors that I owed much less to? They were sending them each $35-40.00 . Can you please give me some advise on how to locate another affordable way to payoff my debt?.
I am going to work off the assumption that you owe 22,000 not 2200. If you dropped out of the program in April, what have you been doing about the debt from that time until now?
Have you been making any payments?
If you cannot afford the 700 dollars a month, what would you be able to afford to pay?
Do you have any resources to offer settlements to your creditors if the option comes up?
Please post your answers below in the comments.
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