My Active Duty Military Husband Wants to Retire Next Year Debt Free. – Tonya

“Dear Steve,

35K in credit card debt needing to paid by Aug 2012

I am wondering where I can go to get debt relief. We have great credit scores but banks will not loan because of the debt to income ratio and credit cards keep going up,. My husband is active duty military and we would like to retire aug 2012 with only having our car payments. Where can I go to get a good loan rate or a foundation to take my debt away.

Tonya”

Dear Tonya,

Well the first stop might just be to use the free How to Get Out of Debt Calculator to review your options.

Outside of accelerating your debt repayments or taking out a debt consolidation loan your quickest methods of eliminating debt will be bankruptcy and potentially debt settlement if you have cash on hand to settle.

Your statement about banks not lending puzzled me. If you got a loan to payoff the debt wouldn’t you just have a different debt?

Please post your responses and follow-up messages to me on this in the comments section below.

Steve Rhode Debt Coach and Author

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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