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Go out to the plans that.
We can't I leave for New York outside with a question hey -- what's your question Mike -- -- How come -- come out of my depth to a vote in the cheapest way out of 140000 -- so I can survive.
Thank you out 120000.
Dollars in -- guess is this credit card debt is it mortgage is a student loans that's -- credit card.
It's all credit -- sir yes.
I guess I'll wait lists and to stay right there I know our panelist.
Larry you first what do you tell -- -- Well this is the problem 120000.
Dollars in credit card debt alone but he knows that you know the first thing you do as you look at everything you've -- say what can I sell what can I do with that.
You got to move from that wants and needs phase in of that.
Can't live without it kind of days and then you really cut back in the -- -- start whatever you can't.
I also call these companies start talking to -- real hard about what could be fixed what they can do for you to work with you.
Yet had an Odyssey which -- -- serious payment plan here in the US and non-GAAP I I I would suggest festival although you also go to a website that the FTC as a web site.
And they have lots of information about how you -- your credit card company.
And what you -- -- though the effort they get the consumer information.
But the allies that -- -- you start pulling your your your credit card companies.
But you have to know what you have to work with one of the first questions they're gonna ask you is what can you afford to pet.
And if you don't know the answer to that question you're going to be hot -- -- -- be over even over promise.
And he over promised you gonna mess it up.
So bite my comment -- you really have to do.
Know what -- doing that without it -- -- got to write everything down make sure you're in it in in tune with that.
And they pick the largest -- the most the most troublesome thing that you have and you start there.
And yeah I can -- hit three -- you must be persistent.
You might be patient and you must be polite.
Don't lose your cool on the phone we'd be gatekeepers and they shut you down there.
I can -- I've negotiated with credit card company if you if if I'm on the phone with a client and the credit card company and apply keeps her mouth shut.
Ten minutes -- we got the -- starts blowing off on the on the credit card company.
An hour and -- -- -- to get the same thing accomplished you must keep -- cool what should he and -- you can jump in here to.
What should he be negotiating with the credit card company can he negotiate the -- -- -- or I just the interest rate -- the balance like for giving the balance.
You have an opportunity to negotiate both.
But I really think when you start to get into a mega -- -- when you're talking six figures.
It might make some sense to go for instance New York has a wonderful and in the in Manhattan -- the consumer credit counseling service.
You really need to -- to sit down with -- you go through your budgets would you give some thought to it and and and and then prison develop a plan and then present it.
Ali are you having trouble making payments at this point or is your -- -- com.
Easily covering what you need to do and payment when I make that payment and it's give one so my interest isn't one of -- the rule.
So now I'm trying to stop those interest rates so it can negotiate with them you know anything due to the war I don't know how.
Okay well what we're saying now is that what I think that because the credit scores been hammered obviously you're missing payments with the -- size this day.
Then you really might as well go deep and one of the ways to go deep is to go to a professional and actually have them develop the plan review negotiate.
For you and then and then begin to pay down play.
Take -- you're trying to jump in here.
Yet one thing that is certain is.
If it wasn't overnight that this gentleman got into the situation -- and and he has to realize that it's.
It's going to be taken a very long time to get back to a healthy financial situation -- in order to do that.
Absolutely he's an -- to change his lifestyle perhaps siesta go get a second job or -- third.
Maybe has to downsize his house or go live with family but his number one priority apart from staying healthy.
Is to pay off that credit card that he's not gonna go anywhere financially until.
That cloud that is over him.
-- -- -- thank you so much for sharing your story I hope all that was helpful being well.
Thank you and keep us posted your money at foxbusiness.com.
Email us and let us know how it's -- now -- -- good luck and good luck.
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