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Ask credit questions ...We have gone to credit counselors 2 yrs ago and we have 2 yrs left with them.We got into debt with credit cards.We went to lease a car and it turns out we cannot get approved for buying or leasing.We can't even buy out our lease of our existing car. Our lease is up in a month and if we don't get help we will be without a car.How can you help ?
help in getting a car
Hi Paulywannasmasher,
Welcome to this community :)
Can you give more details on your credit card debt? Have you already defaulted on your payments, and how many credit cards do you have? You can try either debt settlement, or debt consolidation to pay off your debt.
Debt settlement can lower the outstanding debt amount by 40-60%. You need to pay only the settled amount. However, it hurts your credit score negatively. On the other hand, debt consolidation lowers the interest rate, and you need to make a single monthly payment for your debts. Debt consolidation doesn't hurt your score like debt settlement.
Whatever you do, get the payment agreement in writing.
Hope this helps,
Regards,
Aaron