Quote:
Originally Posted by doritos
What are the options he has in order to make his payments now with his new job and to bring his credit rating back up? He recently has been trying to catch up on the missed payments but its just not enough.
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What do you mean by its not enough to catch up on the missed payments? There's nothing he can do other than diverting his income to pay off the debt as much as possible unless his family wants to help him. He has a damaged credit, no banks will consolidate his debt and turn it into a line of credit with a lower interest rate. Certainly, you shouldn't lend him money.
He would have been in much better situation if he sought financial aid before skipping 6 months of minimum payment.