Debt
Date: Mon, 05/07/2012 - 14:29
I am recently laid off from a $50,000/ year job! I have $20,000 in CC debt and an overdraft protection loan through my bank for $10,000 ! I may have a job at the same company with a huge decrease in pay. This is a wake call for me and I am unable to pay my monthly bills with$1000/mth in cc payments. We are not that bad off to file bankruptcy and all of my cc's are current and I have never not paid or been late on a payment. Any recommendations!?
If you are not too keen on maintaining your perfect credit score
If you are not too keen on maintaining your perfect credit score, you can fall back on the payments and try to settle with the CC companies. What are the cards in question? Other than that, you can check if the CC companies are ready to include you in a hardship program.
You can talk to the creditors about your recent financial hardsh
You can talk to the creditors about your recent financial hardship. You can inform the creditors that you have lost your job. Request the creditors to let you pay off the debt through reduced payments.
