We have about 60K in CC debt plus about 9K in othe
We have about 60K in CC debt plus about 9K in other bill medical etc. All bills are current but ave CC interest rate is over 20% I earns $1200 bi weekly my wife earns $1000 bi weekly. 1 of my chks ea month goes to pay the mortage.
We spoke w/ a debt management firm yesterday and they could reduce our monthly cc only pmt from 1670 to 1270/mo and have us pd off in 5yr and change. The problem is that in the short term we could only really afford about a $1000/mo pmt to AVOID accumlating more debt on monthly living expenses, especially with gas going up. we do expect about 5k in tax returns by Aug and aslo to sell a company we own w/in 3 mo that would gererate either about 10k in lump sum or a monthly pmt of about 500 for 3yrs
Is there anyone who offers anything other that a 5 yr plan that is flexible enough to amend that once this cash becomes available or would allow us to pay down early w/out penalty once this money comes in?