Where do I start? Deep in debt and terrible credit, I finally have a new good paying job but is it too late?

May 1st, 2010
by admin.

I just finished college and I’m about $8000 in the hole with credit cards. about $3000 of it is in collections…but it’s not a third party collections company if that matters, it’s still within the credit card company. My grace period for my student loans ($28000) just finished and now requires payement. my credit score is in the 500s. Since I have graduated I have finally been able to make decent on time payements, but my interests rates are ridiculous and my payments aren’t doing much of a dent, I’m paying about $700 on my cards a month which half of it almost goes to interest. i can’t qualify for anything financial like consolidation loans…what do I do? im desperate and want to fix it…who do I go to? should I get someone to come in a straighten it out, or can I should I take care of it myself? my budget is tight with my other bills since i live alone and have to take care of rent, insurance, student loan payements, etc. on my own. I tried to call one of my credit card companies to lower the interest but they said I had to go through a debt consolidation company in order for them to lower it. is it best to go to someone?

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