We are having serious debt problems. What is our best option?
We have several credit cards with high debt and high interest rates. We are paying for one student in college, a mortgage (which with our income is really a low monthly payment). We find ourselves drowning and unable to meet monthly debts. Our income is around $200K/yr but still find ourselves in over our heads. Also paying an ex a monthly amount as property settlement. What is our best option?
wow.. $200K/yr and still in debt..???? Well if that’s the case then best thing to do now is scale back your lifestyle. You will have to sacrifice comfort for the greater good. By the sounds of things you guys seem to be in deep deep debt crisis, so save money where possible. Don’t waste any money on unwanted stuff and budget your income over spending.
Here are some recommended reading on cutting your credit card debt http://basscash.blogspot.com/2010/03/how-to-cut-credit-card-debt.html and may be if your willing to put your best foot down you earn some cash over the internet may be not a lot but enough to float on. Read the methods at http://basscash.blogspot.com/
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