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Question By
kkrazyjimmy

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5600 in credit card debt,i don't know what to do..please help
i have a 630 credit score and in 5600 in credit card debt.im also on disabiltity and bring in 1123 a month...please advise me in the right dirrection.my house and cars are paid for but to old to get a loan against them...

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I am glad to hear that you are not going to try borrowing against your home, that would be extremely foolish. Your budget is very limited and I see no way that you will be able to pay off these cards. I think that in your case you might consider speaking with a bankruptcy attorney or think about letting the accounts charge off. Letting the cards charge off, will RUIN your credit and you may possibly be sued for the balances. Do you have anything that you can sell to pay off these accounts or at least put a dent in them big enough to allow you to pay the rest off? Are you aware that credit card companies will try to work with you in times of financial hardship? Spend time reading about all of this and brainstorm on how you could come up with the funds to pay these accounts so that you do not damage your credit.

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Be aware that filing bankruptcy or letting cards charge off will DAMAGE & RUIN YOUR CREDIT FOR MANY YEARS.

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