What is the best way to clear debts?
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ryley
Apprentice
Joined: 15 Aug 2005
Posts: 2
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 Posted: 01/13/08 - 05:53 Post subject: |
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| Hi, Christie here. I am in a sort of a problem. Namely, I have a daughter and she got married last year. Since I am a proud mom I had to pay for whole ceremony and I overcharged my credit cards. I would be grateful if someone can offer me an insight into what is the best way to clear all my debts? |
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rafferty
Apprentice
Joined: 11 Feb 2007
Posts: 4
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| Posted: 02/12/08 - 00:19 Post subject: |
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| There are not lots of information in your post so I am unable to say whether you are in a big or small problem. However, being in a debt here in United States is not a big deal. Almost everyone is. To be precise, according to survey conducted here in Los Angeles, nearly 85 per cent of households had credit card debt. What is more interesting, the average amount of money that those households had to pay were 9000 dollars. You would agree that this is not an insignificant amount of money. Now, as for your question about the best way to repay your debts, I would presume that applying for debt consolidation loan is the solution. These kinds of loans are very cheap and recommendable. I have to outline that I am not aware how much money do you owe but if you belong to the group of people who are average debtors in California (from the survey) you are eligible to apply for one. That is all from me. Take care. |
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