Either that or have a very rich relative suddenly die and leave everything to them.
That said, the only way out at this point may be to talk with a personal bankruptcy lawyer. With that little income I don't see how they can dig themselves out of debt otherwise. On Fri, Dec 16, 2011 at 1:13 PM, Scott Stroz <[email protected]> wrote: > > Yea..and now I see your Facebook post.... > > Forget Ramsey...but the cut spending & increase income is still the > way to go with ANY debt problem. > > On Fri, Dec 16, 2011 at 1:11 PM, Scott Stroz <[email protected]> wrote: >> A good place to start might be with Dave Ramsey's 'debt snowball' >> (from his 'Financial Peace' program). I have used it (as have others I >> know). >> >> Though, they need more income on top of cutting spending - probably >> each need another part time job..at least. >> >> On Fri, Dec 16, 2011 at 12:58 PM, Cameron Childress <[email protected]> >> wrote: >>> >>> A friend of mine is in a bit of a financial pickle... >>> >>> Annual Income: $20,700/yr >>> Annual Expenses: $38,200/yr >>> ======================== >>> Put on Credit Card: $16,500/yr >>> >>> They now have credit cards totaling $142,710 (!!!) >>> >>> They plan cut down their annual expenses just under $400/yr next year. >>> >>> Advice? >>> >>> -Cameron >>> >>> ... >>> >>> >>> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:344750 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
