How can I help my GF eliminate her debt???

  • Thread starter Thread starter fguz77
  • Start date Start date
F

fguz77

Guest
Basically, I just want to know how she can be helped. Paying the monthly min is really high right now. She said it was like $480/month which is really killing her.

I had thought about Debt Settlement America but that bogus system just screws up your credit and we want to buy a house in the future and her credit will be the one that fronts it. Anyway....

She said she would like to focus on one credit card which has $20k of debt on it and has the $480/month minimum payment, which is waaay too high.

Any advice on what she can do to lower the minimum payment or maybe cut the $20k of debt in half would be appreciated....
 
Maybe she could move in with you..then, she could focus her extra money towards her debt.
 
Call all of them and work out a payment plan and try to get your interest lowered or stopped.

Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

You probably need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control. Take a sandwich for lunch. Cancel the gym membership.

Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

Go to the library and get "The Total Money Makeover". Read it and follow it carefully.

Go check out Dave's website as well. Yahoo is blocking his site again, so take out the spaces in the following:
www. Dave ramsey. com
 
Back
Top