12-09-2011 07:38 PM
What are your minimum payments in total per month?
12-09-2011 09:31 PM
A DMP will trash your credit, as they negotiate with your creditors for less than the full balance.
Although trashed credit may not be so bad for you as you have gotten yourself in a hole with credit (as i have too) so you don't need any more credit :-) How much is your income?
You are going to need to get a second job or increase your earnings at your current job and Benjamin is right - attack the smallest first and then snowball it on the other ones.
Sell anything you can - eat beans and rice - and check out Dave Ramsey - changed by financial life :-)
Not necessarily. A Debt Management Program is different that a Debt Settlement Program. Here are some older threads talking about the pros and cons of DMP's.
From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
12-15-2011 08:36 AM
Yes, I am in the process of finding a second job now. I feel its the only way. Thanks for the advice too.