Before I ask my question, I figured I would give some background. I'm 32 years old. I have full-time employment at a small company that deals with elevators. I make a good wage, and I have very little in the way of bills. My car, gas, insurance, and cell phone are all paid for by the company I work for. Those are some big expenses that I'm lucky enough not to have to worry about.
About 10 years ago I started to rack up some credit card debt. For the most of my 20's I made the mistake of pretty much ignoring it. Even being foolish enough to miss payments, and only making minimum payments here and there. throughout all of that I was still using my credit cards when I wanted. At this time I've got about $7,500.00 in credit card debt, and my interest rates are really high. At this point I'm really struggling to try and make any headway.
I've tried going to one of my credit card companies (there is only two thankfully), and I tried to get a lower interest rate, but they are refusing to work with me. I could take out a lone with my bank, and consolidate the debt. Is that wise? I was also thinking about to contacting a Financial Advisor, but I don't know if that is a good idea either.
The good news is I know I can pay this off. I just want to make sure I’m making better decisions, that isn’t going to lead to me wasting more money I already have. I’d appreciate any advice you can offer. Thank you.
May 05, 2017 at 11:28AM
