Here is my story.
I am a 27 year old married mom of 2. Hubby is bipolar and can't work. I have a few medical ailments that prevent me from working much outside of the home.
We have about $15,000 of debt. Counsumer credit card, past utilities, medical expenses, etc.
We WANT to pay them off. Our problem is we don't know if we should work with a debt consildation program or simple file for bankruptcy. Our income fluxuates from $800 a month to $1500. We live in Ohio. Our rent is $605.00. We have no car payments. We own a 1982,1992,1993) We never go out to eat, go to movies, I am wearing the same clothes from when I was 18. Trust me, there is no way to cut back on anything.
I am just not sure if we can even afford to come up with a debt consilidation plan given our situation and income limits. Would it be better both emotionally and financially to just wipe the slate clean? Thoughts/Tips/Appreciated...stinky butts need not answer! THANKS!
2007-02-05
15:07:20
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12 answers
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asked by
Anonymous
in
Personal Finance