Desperate retirees need help

We're retired and have a current credit card (multiple) debt of $100K. We also turned 80 last year and don't own anything. Our pension is modest. Maybe it's hopeless/fruitless but it's our last chance via this forum. Maybe it's also too little too late but we hope to at least enjoy our remaining retirement years debt free. We don't qualify for Chapt 7 & 13. We decided that if we continue to do nothing things won't be any better. Kindly advise us if consolidation, credit counseling, debt settlement hardship program, or something else would be best for our situation to drastically reduce or eliminate our debt soon. Is there any organization or company such consumer credit counseling services that won't charge any fees? With our advance age and debt, we're concern that if something happens we don't have anything to cover emergency costs. Our world has turned upside down and nobody but us to blame. We are constantly stressed and worried. We also don't want to burden anyone. We truly hope to at least enjoy the fruits of our labor no matter how simple it will be or how short it may be. If anything else, we hope this is a lesson learned for others. We sincerely appreciate any advises/references provided. Thanks.

You must consider non-profit credit counselling organisations. They often charge no fees or nominal fees.

Try calling your creditors and explaining your situation. or wait until they go to collection and see if they offer you a settlement. Just a note: creditors cannot garnish your social security benefits. You might want to check to see if that's true with a pension. However, they can put a lien against any property that you own. At this point in time, given your age, financial situation, and limited funds, I'd be careful with entering any kind of agreement for debt settlement/consolidation/management.

the fact that you dont own anything helps, if you own your own home they can put a lien on it. but also consider that they can do a bank levy in some states were they attach your bank account. but i would consider looking into what sc recommends but be sure to check the company out here before signing any paperwork.

wow i feel so bad for you., i look at peoples credit a lot, believe you are not a lone with your age having a lot of debt a lot of people even still have big mortgages that they are paying on at retirement age., many reasons why, one of the real common theme ones i have seen now is supporting adult children. i dont know where this world is going to but it was not tht long ago when it used to be the other way around. its a touch situation and banks cant say your to old we cant loan you money because it would be discriminatry sorry (sp) i dont know i wish you well

You say your pension is modest....that really doesnt tell us much. Do you not qualify for chapter 7 or do you earn too much?