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file bankruptcy to get rid of debt

Submitted by on Wed, 03/09/2011 - 02:04
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I am a single mother. My credit is in a terrible condition. I have defaulted on 2 credit cards. My salary is not high. I can't afford to pay off the debt. I don't have my own home also. I am currently living at my brother's house. Should I file bankruptcy to get rid of this debt? I am in a fix. What should I do? Any assistance is welcome.


Hi!
Welcome to the forums!
Don't lose hope so soon. I don't think you should file bankruptcy immediately. If you can't afford to make payments on the credit cards, then I would suggest you to go for credit counseling. An experienced counselor can help you resolve your debt issues without filing bankruptcy. If you fail to payoff your credit cards even after that, you can enroll in a debt settlement or debt consolidation program. These programs can assist you repay the credit card bills.


Submitted by Good Nelly on Wed, 03/09/2011 - 03:16

Good Nelly

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