Not sure what to do
Date: Wed, 06/20/2012 - 19:44
My husband and myself have about 60k in unsecured credit card debt. We have been able to make all the monthly payments until this past month. Now due to job lose, we cannot make the minimum payments which are around 2 thousand a month. I am not sure what to do because the problem is, I have a 800 credit score, and most of my accounts are sitting at a 3.9% interest rate right now. I am not sure if I should try to get them to lower the monthly payment to make it more resonable for me to be able to afford or what?? I thought about debt consolidation, but I already have a low interest rate.
Also I have heard that debt consolidation can look as bad on your credit as is bankruptcy, is there any truth to this?
Also I have heard that debt consolidation can look as bad on your credit as is bankruptcy, is there any truth to this?
Debt consolidation affects your credit score but not like bankru
Debt consolidation affects your credit score but not like bankruptcy. Bankruptcy hurts your credit score badly. It stays on your credit report for 10 years and ruins your credit.
Have you tried calling your creditors and asking for a harship p
Have you tried calling your creditors and asking for a harship plan due to the job loss?