My credit is great and I am not behind yet. I am just in way over my head now because I use card to support, feed, clothe,birthdays, christmas, doc.bills, and regular mounthly bills sence he left me for my best friend 5 years ago.I am disabled and cant work.HELP!! I love my good credit. if I didn't have it I would not have been able to take care of my babies.My house is so small I dont even have a bedroom. and my son's room is the size of a closet.I just feel so bad If I could sell my car I may be ok but nobody wants it.
2007-08-01 00:48:46 · 5 answers · asked by becky 1 in Business & Finance ➔ Personal Finance
If you're not getting child support, that's the first obvious step.
If you're really disabled, go to the Social Security office (if you're in the US) and apply for SSI benefits.
2007-08-01 01:06:39 · answer #1 · answered by jdkilp 7 · 1⤊ 0⤋
If you are charging all your expenses on a credit card and only paying the minimum payments, you are living above your means.
To stop this cycle, you need to either decrease your expenses or increase your means. If you do not do so, you will eventually spend your way into bankruptcy.
Reducing expenses: look at things like cable, having cell phones in addition to a land line, level of Internet service (or having the Internet at all - it's free at most libraries), where you get things for birthdays & Christmas - thrift shops are get helps.
Increasing means: You are disabled - are you getting all the benefits you are eligible for? Is the father of your children paying child support? Sell stuff on eBay, find a legitimate work at home job (but don't spend any money for start up costs - you can't afford it)
Good luck!
2007-08-01 08:21:39 · answer #2 · answered by aj485 5 · 0⤊ 0⤋
Lots of people think that once they’ve filed for bankruptcy they will be unable to ever get a loan again, and ultimately they are unable to do anything financial ever again. This isn’t always true, there arewill help to improve your credit history in a number of different ways.
2007-08-01 12:01:34 · answer #3 · answered by andrew l 1 · 0⤊ 0⤋
Increasing number people are filing for bankruptcy to get out of debt. But, what is bankruptcy? Do you know enough of it? How does it help you? Read more from: http://www.credit-card-gallery.com/credit_card_bankruptcy.html
2007-08-02 07:34:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
great credit enabled you to over borrow and get into this mess. so great credit did nothing for you.
see if your local church can help.
2007-08-01 08:49:36 · answer #5 · answered by Anonymous · 0⤊ 0⤋