How do I start

Forum|Forum|7 years ago
January 30, 2019
2 replies
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How do I begin paying for my debt? How small of a payment can I make?

belgiumalaska

Figure out the lowest possible payments through the companies themselves and pay that every month unless you're able to pay more than that. Of course the quicker the better to get rid of your debt but as long as you're making those minimum payments, it will look better on your credit score.

NCPERSON1

and focus on paying off the debt with the highest interest rate first.

Mg1981

How do I start paying off my debt? I would like to pay my debt. Who do I talk to

NCPERSON1

I'll assume you are asking for guidance on a strategy to get your debt under control and which debts to pay first. Further I'll assume you don't want to pay for the advise.

Suggest checking at the local library and see if there are local self-help groups that provide support in this area. Many communities have such organizations. Google 'non profit financial help' or something similar and see if anything surfaces.

Go to your bank and ask the same question about who in the community can provide advice.

lastly, family members that are astute financially might be a good place to get advice.

To me, first thing is to establish a budget and then stick to it. Once the budget is established you can figure out what needs to be adjusted in your life style so there is money left over to pay down the debts

hope that helps