big mistake

@jazzyrae (1747)
United States
August 27, 2012 1:05pm CST
Dear fellow mylotters I made a vey big mistake me and my husband got credit cards a couple off months ago and now we are in debt. I lost my job and he's already working all the time we would be doing great he has money to pay all the bills buggy did except the cruft cadres bills. Anyone know a way to make 1000 fast
1 person likes this
3 responses
@Reneelao (223)
• Philippines
27 Aug 12
HI, I really am very sorry for what you just said.... I think its very hard to earn that much money now. Is the card still active? the best thing you should do is refrain from using it or try limit the use of it. Even you pay the minimum payment, you are still charged with interest, so better pay as much as you can. This will help lower down the principal amount faster. at any rate, if you will try to compute it... MAN... you are just deducting a small amount from the principal amount every time you pay the minimum amount they offered you. Other option that I think can help you generate income to pay your card is to sell some stuff you don't need at home. Make a garage sale, this would help a lot too. Or maybe, if you have a talent in baking, Try sell some baked products to your neighbors, or to your office mates before. You can also get rid of your car if you have one, then try get another one later when you can manage next time. I'm sure you can find a job soon after. Hope you can settle this soon, the longer it took, the amount will continue to go up because of the interest they charged you. Pray and ask for wisdom and guidance from the Lord.
@jazzyrae (1747)
• United States
7 Sep 12
Thanks we got it all fixed out we just had too move stuff around in the budget.his will be paid off buy next month
• United States
27 Aug 12
Well, I don't know about making $1000 fast that you wouldn't have to pay back. And you don't want to open any more credit cards to pay off the debt because it will just make it worse. That will only make you rob Peter to pay Paul. I know it's difficult with credit card debt because you don't want your credit to be affected but sometimes you just can't work it into the budget. Are the minimum payments low? I know that most of that goes toward the interest but it will at least keep you current and keep them from reporting them negatively to the credit agencies. Are they willing to settle the debt? A lot of credit card companies will settle for a certain percentage of what you own and call it even. If not, my best advice would be to try to make the minimum payments to keep them from charging them off and reporting bad debt to the credit agencies. I wish I could be more help, but unfortunately I don't think that there's a quick easy way to get $1000 without taking out a loan or another credit card. =(
@jazzyrae (1747)
• United States
7 Sep 12
We worked it out we won't be dogging anything fun for a while but my husbands will be complexly paid of by next month
• United States
25 Sep 12
I am sorry that you lost your job and believe me I know how it feels when you go from having a lot of income to having a lot less. randy had gone from working full-time down to part-time, but was never told that his income would drastically change. We struggled for so long until his boss let him go completely. We ended up moving to Nevada to live with my parents which was very stressful. Randy is finally able to collect disability and we are now renting a trailer with the option of buying it in five years. I make a little extra money online, but I have no way of making 1000 a month (although it would be nice). Just do the best you can to pay things off.