huge debt question

Date: Tue, 04/06/2010 - 08:46

Submitted by Sylvia Winger
on Tue, 04/06/2010 - 08:46

Posts: 4 Credits: [Donate]

Total Replies: 6

I am new to the forum and trying to decide what to do about my huge debt. I have 58,927.88 in unsecured credit card debt. I am not late on my payments yet. I was divorced last summer and got stuck with debts. I haven't found a permanent job (am working for a temp agency) and had to charge a lot of medical expenses when I had an unexpected surgery in January and I was out of work 2 months. I owe:
chase:20,919.58 on one acct
chase :13.051.25 on another acct
chase: 7,088.97 on another acct
bank of america: 12, 899.32 on another acct
discover: 4967.74
I have pretty good interest rates most at 5 % and one the 12,899.32 at 9 % but I don't see how I can ever get out of this hole.
I have stopped charging competely.
Any advice?
Thanks sophia

Are you still caught up with your credit cards? Are you only mak

Are you still caught up with your credit cards? Are you only making the minimum payments?

lrhall41

Submitted by Shazzers on Tue, 04/06/2010 - 08:48

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my debts

I am caught up with my payments but only able to make the minimums. Once the 6 month (on some cards) interest rate expires unless I am offered another low rate I wont be able to pay.

lrhall41

Submitted by Sylvia Winger on Tue, 04/06/2010 - 12:53

( Posts: 4 | Credits: )

Personally? I would be talking to a bankruptcy attorney before

Personally? I would be talking to a bankruptcy attorney before things start to fall apart.

lrhall41

Submitted by SOAPLADY on Tue, 04/06/2010 - 12:56

( Posts: 17315 | Credits: )

thanks

thank you for your input. i was trying to find a way out but it seems hopeless without bankruptcy

lrhall41

Submitted by Sylvia Winger on Tue, 04/06/2010 - 14:12

( Posts: 4 | Credits: )

If you can get your hands on some lump sums of money you could s

If you can get your hands on some lump sums of money you could start settlement talks once you are behind on your payments. If you don't have the money or friends and family can't give it to you then I would seriously talk to a bk attorney.

lrhall41

Submitted by on Wed, 04/07/2010 - 06:40

( Posts: | Credits: )

I could get about 20,000. from a relative but I would need to pa

I could get about 20,000. from a relative but I would need to pay it back. It would be interest free, so that would be a blessing.

It's hard for me not to make the payments at all...I feel guilty.

lrhall41

Submitted by Sylvia Winger on Wed, 04/07/2010 - 07:57

( Posts: 4 | Credits: )