Quote:
Originally Posted by steveo12345
He's in over his head with a car payment he can't afford, higher rent than he had and student loans. He got a promotion at his job which required a move to a more expensive apartment and ignored my advice to plan out a budget he could stick to.
The bank holding his car loan refuses to work with him so he's looking at selling the car privately and buying cheaper wheels.
The student loans are through City bank and they are not willing to consolidate or work with him. I'm hoping that a credit counselor can advise him on where to go from here.
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Only legit credit counselor I've heard of I actually went and spoke to. They have contractual agreements that let them consolidate all bills (not sure if student loans are included since i've never had any) and then they disbursed payments. They were usually able to get reduced interest and minimum payments as well.
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I ended up not using them, but they were honest - or at least gave me good information - and cheap at one $50 payment for them, any other money after that went to debts owed. The guy spent a few hours working with me, no charge, and gave me some good info for me to use on my own which has helped tremendously...