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Paying off debt, advice needed!

 
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amother




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Post  Sun, Mar 08 2020, 8:18 am
We have no personal debt, but about 20k on a cc that was used for a failed business. None of it is interest as we have been paying minimum and It is zero percent interest for a few more months. It is unfortunately linked to my husbands name/ss number in addition to the llc, as it was a new business and this was required. I don't want to build up interest or more debt but the business failed and would have a hard time shelving out that money from our personal funds needed for other things. Any advice?
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newima




 
 
 
 

Post  Sun, Mar 08 2020, 8:53 am
Call angels of debt they can help you settle the debt down to a smaller amount.
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amother




Mint
 

Post  Sun, Mar 08 2020, 10:09 am
Some credit cards have a 0% interest for the first year; can you look into transferring the balance to a new cc and continuing to make minimum payments?
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amother




Puce
 

Post  Sun, Mar 08 2020, 10:43 am
Dave Ramsey has a debt snowball system along with budgeting anc thousands of people have been successful. Check him out
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