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I Can’t Afford to Pay My Debts. What Should I Do and What Is Going to Happen to Me?

Authored By: Mobilization for Justice, Inc.
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Link: www.mfy.org

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I Can’t Afford to Pay My Debts. What Should I Do and What Is Going to Happen to Me?

 
I WAS MAKING PAYMENTS ON MY CREDIT CARD REGULARLY, BUT I CAN’T AFFORD TO MAKE PAYMENTS ANYMORE. WHAT SHOULD I DO? 
  • Stop using the credit cards. 
  • Figure out whether you can afford to make lower payments. Make a budget and be honest with yourself about how much you can afford to pay. 
  • Visit a Financial Empowerment Center and meet with a financial counselor. These centers are a free service provided by New York City and are located throughout the five boroughs. You can find the nearest one by calling 311 or going to.. CONTINUE READING
Last Review and Update: Dec 09, 2016
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