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Hi, I am new here and am hoping someone has some great advice and I am also hoping to be able to help others. Here is my problem. I have about 35000.00 in credit card debt. I know...WHAT!!! Let me jus tell you how we got to this point. My hubby was a teacher for many years and we had no cards. He got sick with a neuromuscular disease about 9 years ago. He has been home ever since. For the first year of his illness we had NO income. I homeschooled, so I didn't work. We sold a car, cashed in his annuity through school and got some credit cards. We lived on that for almost a year. Then his disability checks starting coming or only 1000.00 a month. I went back to school and got my phlebotomy certicate, got a job part time and then went back to school again and got my medical assisting in another year. I have been working full time for the past 5 years. I only make 13.00 an hour. About 4 years ago STRS terminated hubbys disability. Again, we went back to struggling. He is still not working, but working on trying to sell his guitar collection to pay off some cards. Also during this long time we took out a business credit card and bought art supplies, tables, etc in hopes that he could do private lessons and make some money. He just always felt too bad to do it. I think he got through 2 weeks of lessons. So, after all this time we have wracked up 35000.00 in credit cards. Thats how we bought food, gifts, boys college stuff, tuition, etc. Not to say though we didn't use them sometimes for fun. We did. Just not that much. Our kids were so involved with music and sports so there was a lot of suits, shoes, fees, trips on them too. Of course their college came after that. Anyway. We are in such a mess. I make 13.00 an hour and can't pay for the anymore. I am in a hardship plan with one card (9000.00) at 208.00 per month. Our really big card (13,000.00) is the biggest problem. It is 388.00 per monht. I have been on time every month. This month came and we just didn't have the money. I called them and asked to be put in a hardship program. they said no. I asked for a smaller payment and they said no. I told them I would send 100.00 but that was it. They said I would get late fees and bad credit. I think I already have bad credit by now. Our other cards are about 2000.00 each. All full of course. I thought about getting involved in one of those companies that settle your debt for 50% of what you owe, though it really screws up your credit. Debt management companies tell me I don't make enough to be in the program. The next step is bankrubpsy. Do any of you have any ideas? I about to lose it here. Thanks a bunch!

Melissa
 

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FORGET the debt management companies. They cannot do anything for you that you can't do for yourself.

Can you please post your budget. Give us:
- all income sources
- regular living expenses - food, shelter, utilities, transportation, clothing essentials
- all debts - not just CC's

From that we can get an idea of what, if anything, you can pay towards the debts.

You don't need to file for bankruptcy unless the credit card companies actually sue you. Unfortunately, they probably will, but you're a ways out from that.

Get together all your info and lets see how bad the picture really is. Then we can start to formulate a plan.
 

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I am truly sorry you find yourself in this situation. You can count on some good advice from the people of this forum. You may also receive tough love. Understand that even though some advice may seem harsh, it comes from a good place with good intentions. I wish you the best.
 

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FORGET the debt management companies. They cannot do anything for you that you can't do for yourself.

Can you please post your budget. Give us:
- all income sources
- regular living expenses - food, shelter, utilities, transportation, clothing essentials
- all debts - not just CC's

From that we can get an idea of what, if anything, you can pay towards the debts.

You don't need to file for bankruptcy unless the credit card companies actually sue you. Unfortunately, they probably will, but you're a ways out from that.

Get together all your info and lets see how bad the picture really is. Then we can start to formulate a plan.
Greebo I think this the woman I saw on another foroum and recommended her to come here I told her how you guys are wonderful Hope you can help her
 
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Greebo I think this the woman I saw on another foroum and recommended her to come here I told her how you guys are wonderful Hope you can help her
You said we were wonderful? While knowing *I* live here?

Lying is a sin. You're going to hell.

;)
 

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You said we were wonderful? While knowing *I* live here?

Lying is a sin. You're going to hell.

;)
Nah your just a little rough around the edges but you have a good heart As for going to hell believe me I wont be lonely lol
 

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Hi and welcome. Like fixer said, you will receive alot of great advice from people here along with a little tough love. Listen to what others have to say and I am sure it will help you out. Glad you joined us. :)
 

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WElcome and i know you will get a lot of good advice and i hope things works out well for you and your husband.
 

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Debt management companies tell me I don't make enough to be in the program. The next step is bankrubpsy. Do any of you have any ideas? I about to lose it here.

Been there... survived it without bankruptcy. It took 7 years but we paid off every penny. It wasn't easy and it wasn't pretty but it can be done. Don't worry about your credit, if you can't make your payments now your record is already trashed.

Greebo is going to give you some very good advice. Follow it. There is no 'magic bullet'. There is only sacrifice and hard work and repaying the debts. Like the tv commercial says, "Just do it."
 

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Been there... survived it without bankruptcy. It took 7 years but we paid off every penny. It wasn't easy and it wasn't pretty but it can be done. Don't worry about your credit, if you can't make your payments now your record is already trashed.

Greebo is going to give you some very good advice. Follow it. There is no 'magic bullet'. There is only sacrifice and hard work and repaying the debts. Like the tv commercial says, "Just do it."
Well, I'll try. I won't promise it will be good.

It'll probably be harder than you'll like much though...
 

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These threads always help keep me on track. You are not alone and there will be others after you too. Greebo's advice is always the best and his delivery is usually his own special style!!
 

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Oh for crying out loud. I haven't even seen the full picture yet and y'all are selling me like the 2nd coming. Cut it out already.

I'm just good at running the numbers and looking at a situation and thinking, "Hmm. What would Dave Ramsey say?" and giving his answers. :p
 

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Oh for crying out loud. I haven't even seen the full picture yet and y'all are selling me like the 2nd coming. Cut it out already.
So...is it wrong to use "messiah" when addressing you and bowing to your majestic presence? ;)
 

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So...is it wrong to use "messiah" when addressing you and bowing to your majestic presence? ;)
It can be. The proper protocol is to address me as Messiah while touching your forehead to the floor in the traditional position of subservience, and presenting me with gifts of food and beer. JUST calling me Messiah without the beer at a minimum is a sign of serious disrespect!
 

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LOL, thanks for clearing that up for me. :D :greebo:
 

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Good God Greebo, you must be up to what, about a 22 and 7/8 hat size?

Melissa, you have a tough row to hoe.

Be prepared for some tough financial decisions.
 

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Greebo, we just respect your wisdom and humility.

Now help her out!!...that is after you have more info!!
 

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It can be. The proper protocol is to address me as Messiah while touching your forehead to the floor in the traditional position of subservience, and presenting me with gifts of food and beer. JUST calling me Messiah without the beer at a minimum is a sign of serious disrespect!
Can we make that bud please I have stock in Anheiuser Busch Thank YOu
 

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How far in are you on medical bills?
Do you have health insurance?
Are you still paying for your or kids college?
Do you own or rent? If own is house insurance and land taxes figured in payment?
What do you clear in a week or 2 weeks?

I feel for you. Sending a hug your way..Been there, done that and still doing it. Makes you feel like you are sinking for the third time dosen't it? We've went down for the second time and I can't swim. I can't even tread water. If you need SOMETHING to make you feel a little better try being 62 and 56 and being $750,000 between business and personal in debt with an almost failing business and making less than you are paying out. You aren't that far in as us and we're still alive ( although I truly can't swim if we do go down for the third time)...no one has eaten us and no one has kicked our door in.

Listen to what these people have to say and weigh it within yourself. They are very smart people.
 
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