Here is the issue – your relative or close friend has found themselves buried in credit card debt and they have come to you and asked for help – meaning, “Can you loan me the money to pay off the cards?” Whether you can and will help is a personal question for you to answer.
I do, however, have a thought. There is more than one way to solve a problem (or skin a cat). If your friend needs $75,000 to pay off the cards – that’s a lot of cash. Instead, since we know we can settle this debt over a 14 to 24 month period in the range of $30,000 (which amounts to about $1,600 per month) my suggestion is that before you say yes or no – you should suggest to them that they meet with us. Perhaps they can manage the $1,600/month or a portion of it and you can cover the difference. This would be a lot better way to accomplish the goal for them and you! Is this a dream? No – we do it all the time. It is a great solution and a dream come true.
When you chit chat about how to solve problems, one thing is for sure, a lot of people pretend to know it all – but, in reality, know little about all. Whether it’s credit card debt, foreclosure or a tax problem – there may be more than one way to solve the problem – but there is only one optimal solution. To find it, you need to talk to us – and I can think of no better way than to start by attending our upcoming Seminar – next Wednesday, October 8th in Bingham Farms. See details below!
Enjoy the weekend and be sure to listen in on Saturdays from 8:30 to 10 AM on WDFN 1130 AM – on iHeart at CLICK HERE!– and watch the show on TV 20 on Sundays at 11 AM. Law and Reality is not just information – it’s entertainment!