Single income earner 32.50 – disable husband who owned own business pittance from SS 2 teenage girls.
I work full time, and at least 4 hours every sat at 2nd job new opportunity for OT at work so switching to that almost 25,000 (on total of 6 cards) in debt plus 62,000 left on house and a home equity for the cost of our car aprox 12,000
I am feeling very stressed and overwhelmed – do you know anything about “ready for zero’? all my payments are up to date – nervous about a consolidation loan (lendingclub.com) but really need to do something. Keep thinking one payment would be better than all these smaller ones… Thanks Jane
Thanks for contacting me.
First, let me assure you that my interactions with the founders of ReadyForZero.com over the past years have been great. The guys behind it are smart, creative, and dedicated to helping people find a self-directed and organized way out of debt.
Most all of their services are free. They do now have a nominal cost option that allows you to make your self-directed debt repayments through their system. This can help make the process of an organized repayment plan easier to manage for some.
In my opinion, the ReadyForZero.com platform is poised for potential greatness as a growing tool to help people tackle their debt. The long term question is how they develop their income stream and add new benefits for users.
I’d like to know more about why you are feeling very stressed and overwhelmed. Is it because money is tight or that you just don’t feel you are getting anywhere with your debt repayments? Also, I’d like to know what it was that led you into the $25,000 in debt. Was it from making ends meet?
Homework: Fill me in more about what’s going on and then let’s move to the next step. Also, find out what your credit score is for free using CreditKarma.com and let me know that as well.
Please post your responses and follow-up messages to me on this in the comments section below.