when we have high credit card bills and we can't afford to pay anymore, what should we do?

Question

not pay for 1 year already

Answer 1

Yikes...can you afford to pay a small amount each month through debt consolidation. Bankruptcy would be a last resort. Maybe take out a personal loan, but that is going to put you into more debt. Try this site...there might be some helpful information here to help with your situation. http://loan.divinfo.com/

Answer 2

If it has been more than 180 days since your last payment, more than likely the debt has been charged to profit and loss and written off. After that, it is usually sold to a third party, usually a Junk Debt Buyer, who may have paid only a few cents on the dollar for the debt. Junk debt buyers can attempt to collect the full amount plus interest and fees from you, but there is not very much they can do without a judgment. You might try to settle with them at some time if it appear that they will sue you and if you have a lot of assets to protect. They are often willing to settle for a fraction of the original amount. Good Luck.

Answer 3

i understand how you feel. I'm in the same boat. its hard Ive tried working payments out with the credit card companies but they just want to high of payments. i tried get a second job but you can only work so much. i would try credit counseling and then bankruptcy.

Answer 4

Can you borrow any money from family or friends. Do you have any savings. Have you tried cutting down on using your charge card.


Today, I went to the Mall without my purse. I felt ill and really wanted to buy a soda and I did not. Self control.

Answer 5

There options before bankruptcy. Do you have money saved? Can you pay some?

Answer 6

Declare bankruptcy. That is about the only option you have left.

Answer 7

You should get additional jobs.

You spent the money, now it is time to pay up.