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Can you help with advice for a friends debt?

Asked by scubydoo (751points) June 4th, 2009

Hopefully some friends on Fluther you could be of some help or possibly face
me in the right direction. A friend of mine is trying to get herself out
of some debt she is in. She has about 20000 debt in credit cards. She
and I sat down the other day and from the numbers she gave me on bills
she doesn’t have hardly anything to spend after she pays payments on the
cards and a couple other basic bills. Basically I figured it up to be
about $45 a week left over after basic bills and card debt. Not much to live off of, considering that doesn’t include food or gas. She is burying herself in more debt by still using
her cards. My question is mainly advice to give herbesides STOP using cards. Has anyone here been able to get themselves out of this much debt? How’d you do it? The best advice I
gave her was to stop using her credit cards. Do you have any advice to
give or know anything about debt consolidation? Is there a way she could focus on getting a couple cards paid off in order to put more towards another card? Is there a way she
could get a loan to pay off her debt and possibly have a smaller monthly
payment than what she pays on her cards? She is mainly paying the minimum payments now but still finds herself using one of the cards at times. Any advice would be
appreciated or information to point me in the right direction to help
her out. Thanks for your help in advance

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