Sunshine asked:


I have paid off my car lease and balloon payment of $11,000 with a credit card because it had a lower APR…now I regret doing it because my credit looks terrible bc I have such a high balance. I do not own a house and I applied for a few personal loans or used car loans to pay off the credit card but was turned down.

I feel like my payments are going no where with such a high balance (it is not up to $25,000)!!! Should I wait and keep paying towards it? Should I apply for all kinds of loans and debt relief management? Please help!

Thanks!
Well thanks for the help so far…but I dont use the card anymore, and I pay more than the min everymonth however, it isn’t much more since the payments come to about $490 a month before paying extra. If i were to pay the $490 plus the interest they hit me with each month (about $187) I would be broke-i have other bills and live alone. Im not so much worried about the payments or the fact that i have credit card debt, what worries me is simply my credit score. I had a rating of 745 before paying off my car with the CC and now its down to a 646! I want to bring that back up!

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michael b asked:


Debt relief agiencies that help with secured debt. Student loans and car debt.

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