Re: I'm sinking
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Posted by Taziblue
(68.130.206.205) on July 21, 2003 at 16:45:10:
In Reply to: Re: I'm sinking posted by Joe on July 21, 2003 at 16:37:09:
This early in the game you can also request a deferment on your loans. You should probably read all the information on deferments and forebearances and then decide which is the best option for you. I would definitely defer the loans for a year (even though interest still accrues) and then get the credit cards under control. Treat this like a project...rank all your loans by interest rate and pay off the highest ones first. Check out Suze Orman - she has lots of good information about digging out from under debt. Invest in yourself first.
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