Hey reddit!
Really long story short, I bought a new car in 2015, and used a bunch of credit cards on top of that. Racked up about 32k. I lost my job and My car was repo’d and I stopped paying my bills.
Couple years have passed, now I’m making about 2.5k-3k a month in a new field.
I’ve gotten my debt down to 6k total, across a few credit cards but I’m still really unsure on what to do next.
Since I defaulted on my credit cards my debts were mostly sold. They send me tons of mail on offers to cut what I owe in half -this is my goal.
I have been just cashing all of my paychecks and saving my tips. I plan to pay off a credit card in bulk all at once or with maybe two payments, so I can get the best deal. Example: I have one card that I owe 2K, they send me a letter willing to settle for 845$.
Do I save the cash and pay it with one payment? Do I negotiate an even lower amount to pay? Do I ask to close the debt? I’m unsure of the next step and I hope you guys can help. I’ll provide as much info as I can.
My overhead is about $1100 per month.
Submitted October 01, 2018 at 02:38AM by MoreSeriousUsername https://ift.tt/2NdfugE
