Isn't CC debt interest is 21% ? I don't know how authentic your offer is but I'll let him know. You wouldnt give a stranger that much money just by looking at the paystub so what do you take for guarantee ?

chatarpatar · Jul 16, 2019 2:31 PM

If his credit score is good, I'd apply for credit cards with 0% apr with low balance transfer rates (some have free balance transfer offer too). That buys him 18-24 months of interest free debt.

shelvey · Jul 16, 2019 4:58 PM

You can call the credit card company and ask them for an economic hardship payment plan, They will close your credit card and give you a good payment plan with less apr. I got 0.99% from Discover and 7% from Amex. Your Score goes down a bit but they will report your regular payment to the credit bureau. This will significantly lower your monthly payment burden and gives you the opportunity to plan your finance better.

JonahRyan · Jul 16, 2019 10:51 PM