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Need Advice On Credit Problems(debt)?

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Need Advice On Credit Problems(debt)?

Postby Abhainn » Wed Oct 11, 2017 12:26 am

I am about $20k in debt with my Credit cards.
I exhausted my unemployment and just got a part time job making about $1000-$1200 a month(gross).
Anyway that is not enough to pay my credit cards.
It only gives me enough for rent, car insurance etc.

So i have 3 options. I can file for bankruptcy, debt consolidation or just not pay any of my cards.

I do not own any property (i rent) but i have over a 700 credit score.
I know my credit score will take a hit but I dont plan on buying a car or property in the next 3 or so years.

What do i do? Even if i get another pt job, I will only make minimums and not lower my debt at all.

I've got to make a decision this week, I got bills due this weekend I don't have money for.

Please help with your advice!!!! Thanks
Abhainn
 
Posts: 34
Joined: Fri Feb 21, 2014 9:20 am

Need Advice On Credit Problems(debt)?

Postby donzel28 » Wed Oct 11, 2017 10:46 am

Any chance you can sell your car and take public transportation (or move closer to your job and walk to work)?

Protect your credit rating by paying the minimum due on time, at least until you make a final decision.
{The pt job would be the best way to go for your financial future - i e protecting your credit rating.}

Sorry, but this economy has raked many people over the coals.
donzel28
 
Posts: 134
Joined: Mon Nov 05, 2012 7:56 am


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