Advise needed...phone calls and cr card debt

Forgot about asking how long I will have to let these accts go delinquent before they will settle?
I own my home... Any risks with not paying on these accts ?

How much money will you be able to set aside monthly for settlement if you don't pay these?

What are the balances, minimum payments and APRs on each of your cards?

while you are getting ohiogal's info she requested,i have questions.

1)are you concerned about your credit?

2)you said you are only two weeks late.is that on all cards?

you see if you try settlement.the cc companies won't even talk about that until you are 60-90days late.then your credit is in the dumps.i would look into hardship plans before going the settlement route.JMHO.

Ohiogal....
Here is info you requested
Citi balance is 7000 @ 15.99
Min payment is 348/mo
Cabelas balance 5,600 @ 14.99
Min payment 224/mo
Chase balance is 4500 @ 15.99(?)
Min payment is 118/mo
I do have another chase card but for some reason when I log in my acct only one acct is showing.

I have more going out than coming in currently.
I really don't know that I could save... Maybe 2-300 a month.

Paul...
1) I am concerned about my credit, but understand my score is already going down due to high debt to income ratio and late payments.
2) citi, cabelas and chase are currently 2-3 weeks behind. Payments were due mid June.
Would it be best to try to only let one card go delinquent and try to settle while keeping others current?

The problem with that plan is, where will you get the money to settle?

If you don't have enough to make minimum payments now, stopping paying 1, won't give you enough in 90-120 days to settle with.

Have you asked about a hardship plan from your lenders?

What are your other monthly expenses? How much money do you bring home monthly?

I haven't asked about hardship programs, I have been ignoring all calls.
Do you think I should call them and discuss?

I would give it a shot. Sometimes they can both lower the payment and the interest rate for you. The accounts will also be closed so you won't be racking up additional debt.

Well calling citi didnt help much yet. They couldn't lower my rate. They only offered 3 months at $ 241 per month to get me back to current, right now i owe $ 347.88 by july 13. They told me to call back july 17 for there may be more options available for me then. This my first time being late, member since 1999 , hope they can do better when I call back. I can really only afford $ 50-100 per month

Hello,

I work for a CC company... just a disclosure. It's not one you owe money to though. Here's what I would do if I were you - I have some phone numbers that those of us in the industry have access to. I have sent the numbers for each of the companies in a PM to you. You will reach executive resolution teams through these numbers... tell them of your situation. Tell them you have kids, housing payments to make, and that you lost your job. Tell them you are going to be on unemployment and you are going to do everything you can to pay off your credit card balances but you need hardship until you can get a new job and get back on your feet. The people on the lines I sent you will 99% of the time help you out. Offer each 50-75 bucks a month.

Good luck, sorry to hear about your misfortunes.