Not exact matches
Further reinforcing my thesis that the average household has largely reached a point
of «saturation» on the
amount of debt that it can support, the Federal Reserve reported that credit card delinquencies on credit cards issued by
small banks have risen sharply
over the last year.
Typically, this is the best solution for people who owe
smaller amounts of back taxes (again, less than $ 10,000), as it's far easier to pay back the
debt when it's been spread out
over a 3 year period
of time, rather than requiring the entire
amount to be paid all at once.
Our average female client with student loan
debt has only $ 282 available each month for
debt repayment, so you can see why it's very difficult to service
over $ 14,000 in student
debt, and all other
debts, on that
small amount of cash flow.
The idea being that all those
small amounts over the course
of the month add up to make a significant difference on your
debt balance.
Short sales effectively give you power
over the direction
of your home and they can also get rid
of your
debt to the bank for a
smaller amount of money.
My payments are
over $ 900 per month (twice as much as my house payment) and I can't find a job that will even come close to what I currently earn as an automotive tech... This
debt also means that I can't even consider getting any kind
of small business loan, or saving any substantial
amount of money living paycheck to paycheck just to stay current on my payments.
Jaime
over at I've Paid for This Twice Already says that it is «
small amounts of money saved or earned that are applied directly to
debt or into savings before they melt away into who knows where».
I've managed to pay off all my student loans but now this cloud
of debt hangs
over me and it is a
small amount, less than $ 4,000 - It's embarrassing to be in this situation.