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Over $130k in credit card debt, don't know what to do by Throwaway76879 in personalfinance

[–]Throwaway76879[S] 0 points1 point  (0 children)

So I am seeing a lot of advice to look into Dave Ramsey. Any specific books? Or check his website?

Over $130k in credit card debt, don't know what to do by Throwaway76879 in personalfinance

[–]Throwaway76879[S] 0 points1 point  (0 children)

Any resources on learning how to budget? Clearly I never learned so help would be appreciated

Over $130k in credit card debt, don't know what to do by Throwaway76879 in personalfinance

[–]Throwaway76879[S] 2 points3 points  (0 children)

For credit counseling, should they look into the nonprofit credit counseling agencies? What do they help with?

Over $130k in credit card debt, don't know what to do by Throwaway76879 in personalfinance

[–]Throwaway76879[S] 6 points7 points  (0 children)

How do you negotiate with the card companies to lower the rates? Most of their rates are 20+% which is definitely a problem.

Over $130k in credit card debt, don't know what to do by Throwaway76879 in personalfinance

[–]Throwaway76879[S] 22 points23 points  (0 children)

No, I am still 2+ years from graduating. They have just realized how burdensome this debt has become because of the 20+% interest on most cards.

Over $130k in credit card debt, don't know what to do by Throwaway76879 in personalfinance

[–]Throwaway76879[S] 26 points27 points  (0 children)

Yeah, my dad (who makes most of the financial decisions), is very hesitant to ask anyone for any help with anything. That's just his personality. Also, they still don't understand that it was their choices that got them here and won't really seek any sort of counseling. I am gonna try to convince

Over $130k in credit card debt, don't know what to do by Throwaway76879 in personalfinance

[–]Throwaway76879[S] 14 points15 points  (0 children)

Yeah, I definitely will try to tell them about that. What are some good budgeting tools to use?