Debt issue - HELP!?

i am currently running so low on my finances, my paycheck is now almost zero because of so many deductions due to my credit in a certain bank.

please tell me if this is a good step to rehab.

i want the bank to buy -out my share of stocks so that i can not have more loans from them. in buying out, they pay for all my currents loans and restructure my terms to longer payment schemes(with greater interests, though).

if they buy me out, i cannot loam from them anymore. my net income will be bigger and the rest of my loans are paid off. but the interest of this buy-out loan is very big.

what do you think?

please help me. i need wisdom.

by the way, i want to be bought out because i am also currently paying for my home equity.

The best way is to get out of any loan right now. My dear you are in the right track, go for it. Imagine the interest that will always add up to your loan is enough for you live a good life, do the math, make two columns for positive and negative effects of any decision you will make, weigh things. You can do it, I can see you are smart.
http://www.richdad.com/ -this site may help you.

The big interest means you will be paying on that loan forever.

Is that what you really want?

I would sell anything I could to become debt free... with no payments, then you have... money!

I don't think banks buy stocks... could be wrong, never heard that one.

consolidating your debt/bills does not help... you still owe them! You need to pay off the debt and be done with it... stop borrowing.

get on a written budget, spend less than you make... pay off the debt... sell stuff, take on extra jobs to become debt free.

http://www.daveramsey.com

http://www.gazelleintense.com

Hi,

I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News.Check it out here:
http://tighturl.com/683

Tags

　　Easy Money 　　Easy Investing 　　Earn Money 　　Direct Investment 　　Debt Financing 　　Capital Investment 　　Business Investment 　　Business financing

Related information

Debt consolidation with home as collateral??

What kind of debt are you trying to pay off? Credit cards? Regardless of what kind, you should try not to take debts that are unsecured and secure the debt against your house. If you don't pay...

Debt consolidation?

it is called a debt snowball. Start with the smallest amount owed. Stay current with every one else and pay as much as you can on the bill.Sacrifice -- brown bag lunches- no eating out rice and bea...

Debt with bank and am confused?

each state has laws applicable to wage attachments...some require a judgment debtor exam (what I believe you are referring to about missing the phone call). If to fail to "appear" for th...

Have lots of secured debt and no credit cards. Need help with debt.?

Create a budget so you can see where every dollar is going. Possible solutions are getting a second job. Also, consider selling items to reduce liabilities, consider selling house and cars ...

I am in debt but just spent money on a shiny clock, was this wise?

Yes, it is very wise to buy yourself some time.

...

Credit card debt, collections?

Definitely look into refinancing if you have the equity or option to do so. If not, I would recommend looking into a credit counseling service. It will show up on your credit report but looks far...

Credit card debt?

$825/mo for rent is too much when you net $2000. Your half should be no higher than $500/mo. With the extra $325, you will pay off your credit card in five months. Why do you need to buy a car? ...

Credit debt?

Forget going to a bank and FORGET about changing your name and running away from your debts. You will never prosper that way. Go to Consumer Credit Counseling and they will help you organize ...