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My Credit Score Dropped and I Want to Get Out of Debt. – Renee

“Dear Steve,

I obtained my 1st credit card 1 month after my 18th birthday.. that was 10 years ago and now I have 7. I have consoldated my cards with my credit union before, but due to lay off and emergencies, they are charged back up. I’m having a hard time keeping up with my payments. I used to have a great credit score of 723, but in the last year.. due to reasons listed above, my score has dropped to 580. I’m doing everything in my power to get it back up!

Is there a particular credit card consolidation agency that you recommend? I don’t want to get caught up in a scam. I just want to pay off my debt. Total is about 10k.


Dear Renee,

I’d first suggest you use the free How to Get Out of Debt Calculator to review your options.

Ultimately your solution is going to come down to if you can afford the minimum payment or not. I suspect from what you said, that’s been a struggle. Would you agree?

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

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About Steve Rhode

Steve Rhode
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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