Credit Tips: How to Consolidate High Credit Card Debt

Posted On: January 1, 2006

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Posted: Wed Sep 08, 2004 10:58 pm
Post subject: How to Consolidate High Credit Card Debt
Bob
Date: 4/3/2001 9:56 am CDT

I’m new to this board and I’m looking for some advice…I (not my wife) have run our cards up to a total of about $22000. The interest rates vary from 9.99% to 14.99%.I have been able to make the payments (minimum) on time due to the overtime I was able to work. However, the OT has slowed way down and now I am in a bind. We already have a 2nd mortgage for about $17000 and a 401K loan for $24000…My question is this, short of getting a 2nd job and paying the debt down by ourselves, is there a debt consolidation company out there that is trustworthy? I’ve done some reading on the web and they all seem to be the same….Or are there any good BT options out there to get rid of the higher interest rates?

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Posted: Wed Sep 08, 2004 10:58 pm
Post subject: How to Consolidate High Credit Card Debt

Board Monitor - AD
Date: 4/5/2001 8:19 pm CDT

Dear Bob,

You might want to consider MyVesta.org (previously Debt Counselors of America). Whatever you do, I would contact several and find out their fees and what they have to offer, so you’ll need to do some comparisons to get the most bang for your buck!

Sincerely,
Alex Daskaloff