I am 54,000 of unsecured- CREDIT CARD debt– ranging from American Express, USAA, Chase , Citibank, and store credit (Walmart, Kohl’s,JCPenney, LOWE’s, Home Depot, etc)– I do not even use them anymore– the interest rates are so high( 23%,21%, etc) My husband and I both work, own a house, pay our bills on time– but never have enough money to save- go on vacation, or do anything– our bills drag us down!!
My husband is in the Navy– and they have a website– Militaryonesource which recommended to use Money Management International to pay down our debts– I want to eliminate the debt– but the monthly payment that I was quoted seems to high– would this be a good route? what should we do? Bankruptcy? We need HELP!!
I would need to know a lot more about your situation to give you some specific advice. Money Management International is a good program, but judging by your question, it is likely that a credit counseling approach is not going to provide you the relief that you need. That means you are probably going to be looking at a debt settlement approach or possibly a bankruptcy depending on the situation. If you would like to set up an individual consultation over the phone, I can get much more information about your overall situation and advise you as to what I think the best course of action will be given the circumstances. You can contact me through my website.
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.