I would say go to one or some of your local financial institutions and interview them, because afterall, they will be working for you, and SAVE, SAVE, SAVE..make cutbacks and sacrfices WHEREVER you can
if you have a lot of debt and can’t pay it all at once, try to get a consolidation loan or use a credit service to make one monthly payment. If you can, get a gas card or store credit card and use it once a month on a SMALL purchase and pay it off before the due date consistantly. This will help re-build your credit. Negative items take 5-7 years to be taken off your credit report. If you want to try a credit card, try a secured card. Good luck.
If you mean you’re broke and can’t seem to save money, then try opening a savings account. If your job offers Direct Deposit, send some of EVERY paycheck to the savings and DON”T TOUCH IT. You’ll be surprised how much you have next time you go look at it.
If you mean that you’re in debt over your head and can’t keep food on the table, you need to get help, and quick. Credit counseling services are decent, but do your research. Don’t ever pay them for the services. They get most of their money from the creditors they deal with, and should not be charging you. Getting a consolidation loan might be an option, depending on your situation and what kind of collateral you can put up (house, car, etc). Ask around, generally credit unions tend to be a bit more forgiving with their lending practices than conventional, national banks.
If your credit’s a mess, you need to start by getting a copy of your credit report from ALL 3 credit bureaus. TransUnion, Equifax, and Experian all track your credit, and will sometimes have conflicting information. DO NOT PAY for your copies, the law allows you to recieve one FREE copy each year from each bureau. Once you get your credit report, review it and see where the red flags are. Any items that have been reported as a collection company or a judgement need to be taken care of FIRST. Keep your minimum payments up on all your other stuff, but clear that bad stuff ASAP. It will likely involve a LOT of legwork from you, making phone calls and getting letters from the places you’ve paid off. It’s hard work, but will pay off HUGE later (mortgage lenders LOVE to see cleaned up credit, it means you’re determined).
If you’re concerned about retirement and investing for the future, I would suggest talking to an investment specialist.
March 14th, 2010 | 
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Sounds like you need a credit counselor
you don’t need a financial planner. You need a banckruptcy lawyer.
Claim bankruptcy
your mum, mine is fab!!!!
I would say go to one or some of your local financial institutions and interview them, because afterall, they will be working for you, and SAVE, SAVE, SAVE..make cutbacks and sacrfices WHEREVER you can
if you have a lot of debt and can’t pay it all at once, try to get a consolidation loan or use a credit service to make one monthly payment. If you can, get a gas card or store credit card and use it once a month on a SMALL purchase and pay it off before the due date consistantly. This will help re-build your credit. Negative items take 5-7 years to be taken off your credit report. If you want to try a credit card, try a secured card. Good luck.
I would suggest reading Dave Ramsey’s book “The Total Money Makeover” the plan is simple- but it works. See if your local library has it.
Resist listening to any EASY advice!!!!!!
Go here and simply listen to the radio…………..follow the plan and you’ll be fine in a few years.
http://www.daveramsey.com/
It depends on what you mean by “torn up”.
If you mean you’re broke and can’t seem to save money, then try opening a savings account. If your job offers Direct Deposit, send some of EVERY paycheck to the savings and DON”T TOUCH IT. You’ll be surprised how much you have next time you go look at it.
If you mean that you’re in debt over your head and can’t keep food on the table, you need to get help, and quick. Credit counseling services are decent, but do your research. Don’t ever pay them for the services. They get most of their money from the creditors they deal with, and should not be charging you. Getting a consolidation loan might be an option, depending on your situation and what kind of collateral you can put up (house, car, etc). Ask around, generally credit unions tend to be a bit more forgiving with their lending practices than conventional, national banks.
If your credit’s a mess, you need to start by getting a copy of your credit report from ALL 3 credit bureaus. TransUnion, Equifax, and Experian all track your credit, and will sometimes have conflicting information. DO NOT PAY for your copies, the law allows you to recieve one FREE copy each year from each bureau. Once you get your credit report, review it and see where the red flags are. Any items that have been reported as a collection company or a judgement need to be taken care of FIRST. Keep your minimum payments up on all your other stuff, but clear that bad stuff ASAP. It will likely involve a LOT of legwork from you, making phone calls and getting letters from the places you’ve paid off. It’s hard work, but will pay off HUGE later (mortgage lenders LOVE to see cleaned up credit, it means you’re determined).
If you’re concerned about retirement and investing for the future, I would suggest talking to an investment specialist.