I'd appreciate it if I could get some expert or educated advice on Debt and consolidation or a way to attack 65k+ of Credit Card debt with a APR of 19-21% Rate.
Here's the scenario,
Mom makes 3000 a month with taxes taken out, and has 65k+ wrapped up into 7 credit cards I believe. Dads leaving and she needs to figure out an affordable and reasonable way to Consolidate all three and lower the APR rate significantly in order to maintain the household and mortgage. Not sure of the mortgage haven't figured out all of the details.
What is the best course of action?
I've already talked with Momma about canceling subscriptions and Monthly's (Cable, Phone, etc.)
Any help is greatly appreciated! Thank you!
Additional Information:
Right now she's Got
3 Bank of america, A Chase Freedom, Chase Slate, Chase, and American Express all opened. Estimated 2100$ going to payments.
Here's the scenario,
Mom makes 3000 a month with taxes taken out, and has 65k+ wrapped up into 7 credit cards I believe. Dads leaving and she needs to figure out an affordable and reasonable way to Consolidate all three and lower the APR rate significantly in order to maintain the household and mortgage. Not sure of the mortgage haven't figured out all of the details.
What is the best course of action?
I've already talked with Momma about canceling subscriptions and Monthly's (Cable, Phone, etc.)
Any help is greatly appreciated! Thank you!
Additional Information:
Right now she's Got
3 Bank of america, A Chase Freedom, Chase Slate, Chase, and American Express all opened. Estimated 2100$ going to payments.
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