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Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: Credit Card Debt - Best Approach?||Date: 10/6/2012 12:04 PM|
|Author: aj485||Number: 306015 of 310619|
He had accumulated on 2 seperate credit cards a total of near 50,000 in debt.
Has he stopped using the cards?
He has a total income now of 52,000 per year.
With annual income slightly more than his debt, if he buckles down, he's still in a position where he could pay the debt off, although it will probably take a while.
With other expenses related to living he is in a jam.
Has he examined his 'other expenses related to living' to ensure that he has minimized them? Is he tracking his spending so that he knows what his