Quote:
Originally Posted by Gemini Cricket
I think the thing that gets me hung up is the huge balance on my big credit card and my car loan. I don't see it being whittled down fast enough so I panic or tend to give up. Lacking the patience to see the balance go away is a downfall of mine.
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I have mentioned this before, but this is a good time to bring it up again.
Susan and I were faced with a fairly large amount of debt because of credit cards and student loans (mostly the former). We worked with
Springboard, a non-profit consumer credit management outfit. We worked with them to secure reduced or zero interest on all of our credit cards and worked out a payment plan and they can help you budget as well. They have an office in
Santa Ana.
We were able to pay off about $27,000 in unsecured debt in about 4-1/2 years. If you CC debt is under a couple of thousand, it probably is not a good solution - just budgeting is fine. I just wanted to mention our experience.