What Should I Do to Get Out of Debt? – Jules


“Dear Steve,

With 30,000 in credit card debt, 20,000 in loans, is consumer credit counseling best or should I try to consolodate 6,000 more in fixed loan and ccc the rest.? Or Bankruptcy? Right now credit cards are increasing APR’s and I feel like I am drowning. Credit rating is 680’s. I also have two open cards with zero bal and 5,000 each limit. Should I close them, I have never used them but they’re from a preditor loan company.



Dear Jules,

Close the two credit cards that you have not used and talk to someone about a debt management program to lower your interest rates. Do not consolidate any in a new loan.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Steve Rhode
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