Reply to Deep credit card debt

Forum Index » Money and Finances

Reply to "Deep credit card debt "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Hi. I am deep in credit card debt, I would say about 30k. No car payment.  I lost my job and been putting living expenses on credit cards for about 2 years.  By paying minimums on the cards, I was  able to "survive" longer.  I realized lately that I have been paying so much on interest only. I could hardly keep up anymore. I have been paying late fees from time to time. I am getting tired with how things are right now. I am having anxiety attack. I could barely sleep at night thinking how my present situation will affect my kids in the future. 
I made so much bad decisions financially in the past and I don't know how to correct it now. I feel so hopeless.  
Someone advice me to consolidate my credit cards but I am kinda afraid and hesitant to do it as it might have a long term effect in my kid's lives.
I know my credit score is bad now due to medical bills that went to collection and some late payments. I have this thinking that since my credit score is not good anymore, I would just go ahead and enroll to a debt consolidation program and get rid of all credit cards. Cut down on other expenses and live within my means. I know it will hurt my credit score more. Will this be a good idea? Am I really hopeless? Is there a way out in my situation right now? Thank you...

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics