How can I pay down my debt while on a fixed income which is mostly all used for living expenses?

How can I pay down my debt while on a fixed income which is mostly all used for living expenses?
0.0 0.0 0.0 0.0 0.0 0

#1

I am 41 years old with 3 kids and have a fixed monthly income of $1,700. I have credit card debt of $4,000 and a car note of $11,000 . How do I bring my debt down and start saving?


#2

To answer your question there is more information needed. I would suggest you arrange for a free 1/2-3/4 hour consultation with a local Independent Registered Investment Advisor, to more fully explore your options. Good luck!


#3

Consider using a Debt Management program.
When you go through a Debt Management Program, the company can usually get a lower monthly payment for you, a lower interest rate, or sometimes both! They also are designed to get you out of debt in less than 5 years.
You can find a credit counseling company in your area by going to https://nfcc.org/locator/. Or you can contact me personally at www.consumercredit-dm.com. I would love to see if we can help you!


#4

This thread has been closed. Have a financial question? Log in and ask our community!