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Need your advice on $ problems
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<blockquote data-quote="LittleDudesMom" data-source="post: 159570" data-attributes="member: 805"><p>I'm always for paying off debt first - especially important in light of today's economy. Having said that, before you make any decisions, find a credit counseling (try Witz's idea about a not for profit one in your area) company that can help you work out something with your credit card company. Is this all one card or a variety of them?</p><p> </p><p>I would pay down your debt as much as possible. Perhaps look into the secondary market for a good used car. They are out there (I got one for easy child). If you have a friend who knows about cars, or a trusted mechanic, have they take a look "under the hood".</p><p> </p><p>You may be able to pay off 15K in debt and put the remaining in a decent used vehicle. Another option is to consolidate your debt into a line of credit. A credit counseling company can help you with this. The interest rates for a line of credit with a bank are probably a quarter of the interest rate you are paying on your bad credit card debt. I would suggest that you speak with a credit counselor before you make any decisions though.</p><p> </p><p>Sharon</p></blockquote><p></p>
[QUOTE="LittleDudesMom, post: 159570, member: 805"] I'm always for paying off debt first - especially important in light of today's economy. Having said that, before you make any decisions, find a credit counseling (try Witz's idea about a not for profit one in your area) company that can help you work out something with your credit card company. Is this all one card or a variety of them? I would pay down your debt as much as possible. Perhaps look into the secondary market for a good used car. They are out there (I got one for easy child). If you have a friend who knows about cars, or a trusted mechanic, have they take a look "under the hood". You may be able to pay off 15K in debt and put the remaining in a decent used vehicle. Another option is to consolidate your debt into a line of credit. A credit counseling company can help you with this. The interest rates for a line of credit with a bank are probably a quarter of the interest rate you are paying on your bad credit card debt. I would suggest that you speak with a credit counselor before you make any decisions though. Sharon [/QUOTE]
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Need your advice on $ problems
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