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change 05-08-2012 03:33 PM

Unsecured Debt Killing Me
It's difficult to wade through all the advice of debt relief-consolidation, settlement, etc... I've been doing it for many days and wasted hours with no resolution. I desperately need solid advice.
I married young and unwisely. I entrusted him to use good judgement in our finances while I worked, went to school, managed the day to day of the household and took care of the kids-that's three jobs. My mistake. He racked up a lot of debt, most of it I didn't know about. Long story short, economic crash, he's out of work, I'm working three jobs plus all of the above. And marriage is ending in divorce.
I have about $25k in debt of unsecured credit card debt of my own. I own a home that I can't live in bc I can't find a job in the small town hit hard by economy crash. We have useless land that we can't sell. I had been well on my way to being well below 50% of my cc limit and paying them off, when this all happened. I moved for a job in Southern California. Now I'm over my head in debt due to the burdens of providing for two children and the living expenses. My credit score is roughly 650, and my home is being occupy by renters bc it pays the expense and we owe more than its worth. I'm making all my cc payments, but I'm barely scraping by and sucking away what little savings I have tucked away on making ends meet for basic necessities.
What do I do to get my head above water again; improve my credit, reduce monthly payments, conserve what few assets I have, etc..?

Blondie73 05-08-2012 04:29 PM

Re: Unsecured Debt Killing Me
I feel the same way . I don't even know my score and I tried to call credit card companies ( several ) to help lower interest and payments but if your on time and never missed they tell me they have no lower interest available. Then I skip month or two I get help at 0% locked in till paid in full. Yes it kills my credit but I have no other options but file bank rupt and I can't being married and struggle with divorce is taking to long. I guessing since I maxed out most my rate wasn't good anyway. It sucks I bad I miss manage everything . I feel bad using the cards to pay for bill food while I made the cc payment on time.

littleroc 05-09-2012 09:24 AM

Re: Unsecured Debt Killing Me
So are the home and cc charges in your name or both?

mkjohn 05-11-2012 07:15 AM

Re: Unsecured Debt Killing Me
You mean want to consolidate your £5k debt which is payday loans debt. Just clear your debt through debt management plan and live debt free life.

Negotiator 05-11-2012 11:29 PM

Re: Unsecured Debt Killing Me
To all who read this post, I will tell you that credit card companies are designed to keep you in debt. I'm sure you all knew that. It can be a stressful situation, I have Clients who have health issues because of their debt! Thats why I am glad to be in a position where I can do something for them.

I have been negotiating accounts for 8 years and I know all the ins and outs of how these company work, what they will settle for, who willl sue you and what to do when (if) they DO sue you. And what kind of warning signs to look for so you dont get scammed by these fly by night debt consolidation companies.

If you have any questions, please feel free to ask me.

SunnyMay 01-12-2020 10:31 AM

Re: Unsecured Debt Killing Me
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