I am not sure if I had admitted this before but I have high outstanding debt and I am ashamed of it because I am not as irresponsible as it would seem. We all go through a rough time in our life and that was a rough time for me. Bankruptcy is out of the question, although I had many tell me it is the best way out. But really its not. I owe all those people money with tons of interest on these old Credits and Bills, I have to pay them. That was my mistake.
I was doing some research online about and I came across this article
Doing further research I know I can contact each individual company to see about reducing amounts and interest owed - but honestly, knowing that is an option, its still an option I cannot afford. Reading the Article on Self-Debt Reduction, I know that is not an option for me.
I also understand the Government does assist with Consumer Debt Counseling so I can avoid any type of Fraud by illegitimate companies trying to take advantage of my mistake.
Still doing more research, I think I may see what the Government has for Debt Consolidation.
May 25th, 2007 at 08:14 pm 1180120440
There were a couple of things I had to be aware of, I wasn't supposed to apply for any credit cards while I was in repayment and I could only get a car loan if I got a letter from CCCS stating it was ok.