How in the world do you ever get rid of CC debt if the income isn't going up and the expenses have been cut as much as possible? DH suggested getting a personal loan pay off the balances then just have the one payment which would be much less than the minimum due each month for the credit cards and at a much lower rate. On the surface this sounds like a great idea, but is it? Obviously we would have to hide our ccs and under no circumstances use them for this to work. What about debt consolidation? I have heard mixed things about that in regards to how it affects your credit score.
I'm sure this should be a post on the MM board but why not start here!
What am I missing? Any other suggesstions?
Ok, question #2. One of our cars is leased and the payment is much more than we can really handle now. But you can't trade in or sell the car unless you pay off the balance of the lease, is that right?