Debt problems
Recently I found myself on the verge of bankruptcy. The credit card bills were coming in faster than I could pay them. I started falling behind on my payments and I got my credit reports from several agencies and it wasn't looking good. I was scared, and I didn't know what to do. I was avoiding answering the phone to avoid the debt collectors that were calling looking for payments.
Then, I was watching television and they were advertising for a debt consolidation program. I decided to call the number. No, I really didn't believe that they could help me, but I was desperate and didn't have anywhere else to turn so I tried it.
I was shocked. They were not only able to help me consolidate debt, but they helped me avoid bankruptcy. I know I probably should not have used my credit cards as much as I did, but being in school, it is hard to make ends meet, especially with only so much time available to actually work.
Well, I got my debt consolidated and my monthly payments reduced. They were even able to cut down my balances which had gone way up due to late charges and overbalance fees.
I can finally breathe again. And the best thing is that my phone is not ringing off the hook with bill collectors anymore. I am getting caught up and can actually afford some extras again. Only this time, I won't be paying for them with a credit card. I will be using my debit card or paying cash. I have learned my lesson and my credit reports are looking much better.
I may get one credit card to help rebuild my credit, but I will be very cautious about it, and will not be taking every card that is offered to me. This is dangerous. Once you hit 18 you have completely clean credit and these companies do whatever they can to get you hooked before you even have a solid income. Be careful!
And if you find that you are already in the hole and need some help getting out of it. Don't hesitate to contact a debt consolidation program and get yourself back on track today. Maybe one day you will actually have to worry about identity theft. After all, with bad credit no one will be stupid enough to steal your identity now.