Hi I'm new to deans deals
And to debt management. I could use some good advice.
The last ten years been paying 20+ % on ccs
Now probably have like 60k in debt
I have bad credit 590
And I need 0 apr and high limits
I have a good business
Any ideas
You remind me of two people I tried to help. Both have good businesses, both were paying high interest rates, and both had multiple OVERDRAFT PAID fees every month on their bank accounts.
One of them was stubborn and wouldn't follow any of my suggestion (one of them was to temporarily default on his mortgage) and I believe remained in his same financial situation.
The other, who seems to know how to run his business, but lacked some financial literacy (not basics, but more slightly more advanced balance sheet and inventory management). He followed many of my suggestions, changed a few things in the way his business operates, and ended up savings many thousands of dollars per year.