Debt Consolidation, Ideas??

Hi Shannon,
Wow what stress you are under. I will pray for you and your family.

We too are Ramsey followers and my husband does financial advising (our journey with our debt brewed a passion in my husband to help others)now to help others. He will do a financial needs assessment for free and he can share with you some different options that his company can offer, as well as his own study of different debt reduction/consolidation strategies. Seriously, this is his passion and he would love to sit with you and see how he could help. Feel free to contact me or go directly to him....either way is fine. Nothing to lose....he will meet with you and consult for free. (crazy huh? :-) )

My info: ____@____.com
###-###-####

Kevin's: ____@____.com
###-###-#### (best way to reach him)

I used Express Consolidation several years ago ( a credit card for a single college girl got me in trouble!) and it really helped.

http://www.expressconsolidation.org/index.aspx

I understand that there has been a bit of controversy with debt consolidators, due to hidden fees and such (I think mine ended up being about $30 a month of fees to them I didn't really understand at the time) but ti still helped me a lot.

Here is the link that details the bad part of debt consolidating:

http://www.consumeraffairs.com/news04/2007/01/ftc_consoli...

Shannon,
I would think carefully before you use your home equity. Credit Cards are "unsecured" debt. That means there is no real property that can be taken from you if you stop paying on the card. A mortgage is "secured debt", which means they can take your house.

I would check out several avenues. The other poster might help and if it doesn't cost anything to listen, it might be worth it. There are also agencies that are advertised on tv all the time that will help you. Like the Consumer Credit Council. They are non-profit and work by negotiating with the card companies to take less than what's owed etc. But you cannot use your credit cards again. At least till they're paid off and they council will know if you use them. that's part of what you sign up for.

Good luck.

Hi Shannon,
Congrats on your loan, I am sure that took some stress off. :) If you are interested in learning about a way to add a monthly residual income check to your budget just email me. The company I work from home with allows people to obtain a goal of being debt free. In the past 3 years since working with them I have paid off over half our debt and we will soon be debt free as my checks keep increasing each month. I am having an informational meeting on Monday evening in Corinth at 7pm. Email me if you would like the directions.
www.workathomeunited.com/texas